Balance Sheet Checker (BSC)

Investment Bank Regulation: Beware the Dawn of This New Era

All of this assumes the deal as has been announced will actually go throught. My suspicion is that it won't actually go through because it was designed not to. See my comment here:
seekingalpha.com/artic...

I suspect the courts will decide it was illegal and business will resume as normal for Bear Stearns (but it will take time). It is important in these cases that the Fed's role doesn't get challenged but rather JPMorgan's - that way the next time a crisis happens (in a few decades) the Fed still has all it's (percieved) tools to manage the crisis.