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Sec Filing Prompts More Questions About JPMorgan/Bear Stearns Deal [view article]
I find it contrary to capitalism and untoward that the Fed, despite statements to the contrary essentially encouraged a no bid preference for JP Morgan when others were scrambling to organize consortiums of partners to invest in Bear Stearns and rectify what was essentially a media driven rumor mill which generated hysteria over their condition. This, in my opinion, was, and is not in the best interest of shareholders, customers, and employees of Bear Stearns. There conducting this secret and over a weekend where the principals involved were not allowed input may have, at minimum, violated SEC rules and open meeting laws. Apr 17 09:43 AM