Tumbler

Paulson and Bernanke: A Conspiracy of Dunces

The $700 billion would be better spent as a direct grant to U.S. citizens. Rest assured, they will sort the chaff from the wheat of this economy.

But any bailout should exclude anyone financially associated to 535 particular individuals in Washington, D.C.

Is AIG a Buy Following the Government Bailout?

Treasury may well have violated the law. They conspired to seize the private assets of citizens without due process. They fired duly elected board members without cause. They have seized shares of the company without just compensation to fellow shareholders and bondholders or other interested parties.

This, in my opinion, is a clear violation of the constitution and the fiduciary and executive authority of the treasury!

Sec Filing Prompts More Questions About JPMorgan/Bear Stearns Deal

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.