Lehman CEO: We Were "Only One" Not Rescued

Lehman CEO Richard Fuld appeared before Congress today and asked a fair question: why was Lehman the only firm that was not bailed out by the government?

The Feds provided deals to Bear Stearns, AIG, Wachovia, Fannie Mae and Freddie Mac, but allowed Lehman to file for bankruptcy. Granted, the other deals weren't great either, but they were much better than bankruptcy.

The problem with government bailouts is that the government seems to be able to pick and choose which firms they help and which ones they do not. And unfortunately for Fuld, the government never has to explain its actions.