A good thing Quote by Andrew Ross Sorkin
“The blowback against a bailout of Lehman would have been fierce. It is often forgotten, but the prevailing wisdom the day after Lehman fell was that its collapse was a good thing.”
About This Quote
Source Article: Financial Times, 2009
Highlights that the prevailing belief after Lehman's collapse was that its failure was beneficial, despite the severe backlash against any bailout.
In simple terms: People thought Lehman's fall was good, despite criticism.
Key Takeaway
Question the assumption that a collapse is beneficial.
Themes
finance
crisis
policy
public opinion
Mood
critical
analytical
Type
financial
historical
When to use this quote
- economic analysis
- regulatory reform
- investment strategy
- media commentary
Key Concepts
systemic risk
moral hazard
market stability
Questions to Reflect On
- Was the belief in a "good collapse" justified?
- What alternatives could have mitigated fallout?
A Different Perspective
Ignoring long‑term consequences of a collapse can be harmful.
![“This ... he largest financial bailout in history ... was not just a bailout of SVB [Silicon Valley Bank]. It was a bailout of over fifty thousand SVB depositors with over $170 billion in deposits. It was a bailout of SVB's customers, it's employees, their suppliers, and the entire high-tech…” quote by James Rickards](https://sms4smile.com/quotes/img-quotes/385/james-rickards-25234_around-the-world_this-he-largest-financial-bailout-in-his_360776.jpg)
