TM

The Fed: On the Cusp of Moral Hazard

A good old fashion moral hazard slippery slope

JPMorgan Boosts Bear Bid to $10 - NY Times

I believe the Fed instructed JPM to offer no more than 2/share to show this was not a bailout of BSC shareholders, so it will be interesting to see how this will play out. I imagine the Fed will not be happy about this but at the same time, there will be a lot of unhappy people if they don't agree.. Looks like a moral hazard slippery slope mess!

Bear Stearns Buyout: Insiders and the Merger Contract

NY Times is reporting that JPM is in talks to increase the offer to USD10/share to appease angry shareholders... Lets see what happens

Best and Worst Dow, S&P 500 Performers YTD

I see some good value in that Dow 30 worst YTD chart...

Bear Stearns Sold for an Embarrassing $236m

I do think this is going to lead to some great buys in the sector. I am going to start taking a look at some Citi long dated calls. At first glance they look pretty cheap, and I think this week will only get cheaper.