Bear Sterns bought for $2.00 a share by JPMorgan Chase

[happytown]

To me, the purchase by JP Morgan appears to be a 'get out of jail free' card for Ben Bernanke (and Bush).

I wonder what the discussions and meetings were like that brought this purchase about.

...

don't know about any discussions, but ...

1 veto
some water
a board

cheers

 

[ithatheekret]

I personally believe the Bear Sterns CEO should be charged with forge and utter and for giving false and misleading market information , conspiracy charges should also be laid as it was done for financial gain . Apart from a myriad of federal charges for relaying the information over a communciations network .

Given the variety of charges that can and more than likely will be laid , I also think he will be next in line for a Presidential pardon .

It certainly does wonders for building confidence back in the US markets , like fark it does . It just shows they are prepared to do whatever it takes to keep on skimming the masses .