Once the Treasury bailed out Bear Stearns with government guarantees, the next buyer of a major US financial institution might expect similar help. Barclay’s was the last likely buyer of Lehman Brothers. Earlier today, it announced that without the US taxpayers putting their money on the line, Barclay’s isn’t interested in buying.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1250858