megiddo666

What the Bear Stearns Resolution Tells Us About the Fed

I agree with the Fed action. Despite the "moral hazard" some may pitch, the greater moral hazard would be the Fed doing nothing.

Of course either way the "doom prophets" would make it seem more terrible. I think some folks are in mantra mode to help the system collapse and then who wins?

Doom prophets are not usually solution sources, since that doesn't sell as well as fear. Same goes for the media, who like the fear mongers since it keeps people watching... or reading. I think the previous commentator would rather see the shorts win as well....

Professional traders and trading firms are what got us into this mess. A different take on Greenspans irrational exuberance....