Is AIG a Buy Following the Government Bailout? [View article]
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 [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.
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Latest | Highest ratedPaulson and Bernanke: A Conspiracy of Dunces [View article]
But any bailout should exclude anyone financially associated to 535 particular individuals in Washington, D.C.
Is AIG a Buy Following the Government Bailout? [View article]
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 [View article]