the more time pass and i collect more data from this bear stearns debacle and the apparent steal of a deal by jpm. also, what about this $30 billion loan to jpm from the fed to back this acquisition? is this fair to us tax payers?
sure, the fed is saying they did this to minimize a system failure and they can hold onto these junk papers for a long time and possibly make a profit later. all big ifs.
what if they just let bear fail? should that be much better?
the lesson to the youth of america is to be rich. as being rich, you have the fomc to look over your riches.
paul
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