RickRussellTX

Bear Stearns Should Go for More Than $6 - Barron's

I hate to blame the Feds for "bailing out speculators", but it's time to call a spade a spade. If the JP Morgan wants to buy Bear Stearns and make a lowball offer because of bad assets in the Bear Stearns' portfolio, that's fine. They should hunker down over the table and hammer out a price.

But why is the government involved? From this outsider's perspective, it looks like nothing more than banking bigwigs trying to help out their golf buddies. The Fed should assist all banks, not just their buddies at Bear Stearns and JPM. Bernanke needs to preserve the impartiality of the Fed by walking away from this deal ASAP.

RR