RMG

JP Morgan To Buy Bear Stearns For $2/Share

This is a tragedy for investors and emphasizes the need for Federal Government to control the banks and other institutions when it comes to over-leveraging with shareholders' money. Initially I was thinking JP Morgan was taking undue advantage of Bear Stearns situation by offering only $2 /share, but then realized that they are taking lot more risk just to calm the markets. Now they (JPM) will be more leveraged as a result of takeover of Bear Stearns.