October 31, 2008
Lehman Bankruptcy and the Presidential Race
John McCain was up in the most of the polls (and the Intrade markets) the weekend before Lehman declared bankruptcy on Sept. 15, 2008. After the bankruptcy of Lehman, McCain has trailed in every poll ever since. The economy soured after the bankruptcy and McCain's fortunes went down with the market. One could ask, had Paulson given an 60 to 80 billion guarantee to a Lehman suitor (he had, a few weeks earlier, guaranteed 29 billion in bad assets in the Bear Stearns acquisition), would the market have held up better and would we have had another President (or a least a closer race)? Did Paulson doom McCain?
October 31, 2008 | Permalink
TrackBack URL for this entry:
Listed below are links to weblogs that reference Lehman Bankruptcy and the Presidential Race: