...um no...
That would have worked previous to september 2008.
Lehmans was a viable business when it went down... it went down because of what people thought about it and chose to do about those opinions, not what was an actual financial fact. Yes it had toxic assets on its books - so did everyone else - some were lucky and some werent, and we are now reaping the 'benefits' of what was an effective 'best guess' by people who had just as many blind spots as anyone else, in fact, because they were 'experten' they probably had more. The more of an expert you are on something - the more your mind is locked into the 'this is the way its done' scenario - when that scenario is thrown out the window it often leaves people who are used to working in that framework utterly lost.
And goods like PC's have lifespans in months or years... so I wouldnt expect to pay the same for the same machine 12 months later (although to be fair netbooks dont quite fit this model, they're equally naff and pretty much the same price for the same thing 12 months later).
But buildings are different - they have a lifetime of decades or longer. Also, a building is a building is a building. Once the fabric is there in place, and assuming its been built properly (and there isnt the odd earthquake), its there and has a fundamental value, it is fundamentally the same thing for years. So why do we think its suddenly changed in value - was it originally built in solid silver and then taken down and rebuilt in red flettons..?
The difference between 2008 and 2011 is that the ratings agencies and the rest of them arent going to give banks and other organisations the benefit of the doubt. Then you have what will happen in some european countries like Greece & Spain and others - when they find out that theres one law for them and none for the US. There is much less space in the system available for 'made up money' - its much harder to slice things up and parcel them out - because more people are watching (which is the very reason several of the US broker-dealers didnt want bank status at the time because they didnt want to be watched more closely, they knew they were playing games, and still are). At least one bank is more leveraged higher than it was in 2008, but hey, life goes on right?
I will always maintain that these shuttles were a waste, and if they had been designed now, in their current form, they wouldnt have even flown. Its true that they did alot of good things, but at too much of a monetary cost and human cost.
The decisions made to run various programmes including the shuttles loaded the US economy, not to mention paying off Vietnam and the rest. In order to fund that and for other reasons the control acts on the American economy were systematically taken apart or neutered. We are now to misquote "reaping the whirlwind" of those decisions right at the time when the shuttles are being retired, one of the biggest programmes that started the whole ball rolling on the events of 2008.. If I remember in the entire time the US has been extant, the balance of payments & national debt has been positive for less than 5 years...
There is a direct provable link to the manufacture and use of the shuttles and the money and monetary tricks used to get the funding for those and other programmes - and the 30 year freewheel of the US economy that just imploded in the worlds collective face.
So yeah, there is a very good reason for a rant & to link the two together.