"""Meanwhile, who will pay for this bailout? Do you really have to ask?
You.
The Fed has promised Bear Stearns savior JP Morgan (JPM) that it will guarantee the value of whatever crap Bear has piled onto its balance sheet. In other words, the Fed is effectively assuming the liabilities of Bear Stearns. And the Fed's source of capital, ultimately, is you."""
maybe BSC can issue every person in the USA some shares, kind of like Bush's "economic stimulus" package.....throw the chumps some paper, then print more.....after all, the entire economy is based on paper now, what's a little more????....keep piling it up, until it gravitationally collapses into a black hole under its sheer weight....
Come on George, send me my check, don't raise my taxes, and spend 1000 GigaBucks over in a POS country, instead of shoring up, and rebuilding the homeland and its crumbling infrastructure.....and keep making sure the Big Boys like BSC get bailed out, after years of pillage comes home to them......that's the "free market, survival of the fittest"?????......looks like survival of the Biggest to me, prop 'em up, even if they fall....
and people wonder why something has to give?????
PS: some interesting comments in the above link, ex:
"""Larry R - Friday March 14, 2008 11:56AM EDT Guy, this was a huge setup. The brokerages set this up and timed it into the market rally. JPM and BSC knew what they were going to do long ago. Yesterday, a single buyer bought 55K $30 puts in BSC. Who do you think that was? Bet they were connected to JPM"""
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.