The unpredictable has happened. No one could expect less than six months ago that the government would be in partnership with private companies such as the largest insurance company, IAG. When the Fed refused to bail out another falling firm, Lehman, many thought that it had drawn a line and no more bailouts would take place after the rescue of Fannie Mae and Freddie Mac.
Is something wrong with CEOs releasing information to ensure shareholders that their corporations are doing well and predicting optimistic results when in reality, they were just trying to gain time. Was it deception or simple an overly optimistic position?
