User 164718

Bear Stearns Buyout: Don't Panic - Initial Reactions Look Overdone

It's amazing to me to see this happen, JPM taking on BSC's risk? No the feds are taking the risk, no wait a minute we are taking the damn risk. As far as I'm concerned 2 dollars and 0 are the same thing. The company should have gone bankrupt, the markets should have crashed, and it will be the end of that story. The markets correct themselves.