U.S. government rescue "Fannie and Freddie," Why not save Lehman Brothers?.

In the United States and British Barclays Bank and abandoned before the Lehman Brothers has been abandoned by the U.S. government. .Bank of America to give up because the acquisition of Lehman Brothers, Lehman Brothers, the U.S. government refused to respect in the real estate loan. .When JP Morgan Chase acquisition of Bear Stearns, the U.S. government had assets of Bear Stearns, have made such commitments. .Paulson said the U.S. government would not rescue Lehman Brothers. .<P> Fed Chairman Ben Bernanke also made a corresponding statement. .Informed sources, the tough decision until last Friday (12) after making, because, if the crisis is really to continue to deepen, the U.S. government's rescue will be overwhelmed, the U.S. government why the attempt to save "Fannie and Freddie," but .do not save Lehman Brothers? .</ P> <P> the attitude of economists is that the U.S. government of Fannie Mae and Freddie Mac relief is correct. .As the mortgage giant, Fannie Mae and Freddie Mac credit default swaps settlement may be difficult, more and more difficult to raise new capital. .</ P> <P> "Fannie and Freddie" paralysis of the housing finance would be a disaster. .View of the "Fannie and Freddie," the scale and the implicit government guarantee of their debt, if they collapse, it will certainly have systemic consequences. .But other U.S. financial institutions is different. .From the current perspective, the U.S. financial system is far from bad. .The market should now look forward to the greatest help, is that loose monetary policies coupled with a proactive fiscal policy. .</ P> <P> Therefore, Lehman Brothers, the U.S. government when in need of assistance, select the back. .Analysts said the U.S. government should avoid such a rescue. .Government's duty is to save the financial system, rather than individual institutions. .So far, the U.S. government has taken measures should be enough. .</ P> <P> U.S. officials now need to draw a line. .As long as the system as a whole remains running, weak institutions must be allowed to self-eliminated as part of the ongoing adjustment. .Previous relief operations, equity holders suffered losses, but the bank is insolvent if the circumstances, the creditors should bear the loss. .Commercial banks, the Federal Deposit Insurance Corporation (FDIC) will be responsible for the aftermath. .Investment banks do not have such insurance arrangements. .However, short-term liquidity, should a market panic, the situation needed to be allowed to happen and orderly liquidation. .</ P>.