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I think that the American public should ask for an investigation into JP Morgan and the Federal Reserve. How could a stock be valued one day at $35/a share and the next day at $2/per share.
Mar 17 11:06 am
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All Comments by sadecou »JPMorgan and the Bogus Bear Stearns Deal [View article]
To me, it sounds like a scam and I think that if Congress were smart, they would call the Federal Reserve Board Chairman to the chambers and ask why? And, as how it is that JP Morgan is able to purchase Bear Stearns, which is worth more than $2/per share could be sold that way & with the Federal Reserve Board's blessing, not to mention the SEC.
This is probably the next Enron...don't you think?