voytechs
03-17-2008, 10:40 AM
I think the name Beast best describes the new Bear Stearns Company (BSC) best. When you consider that JP Morgan (the original creator of the Federal reserve) just used $30B of tax payers money (to be printed by the fed), to purchase bear while only putting up only $250m of his own money which is pocket change for this guy, you are left with a Bear/Morgan/Fed entity that can only be described as a beast. All it requires is to change one letter "r" into "st".
The fed is going to run the new company, "to protect" fed's investment into billions of $dollars$ of bad loans at our expense. JP morgan gets to keep the new company.
Me thinks this was the plan from the beginning. What a better way to consolidate all the major banks into a couple of big entities (to provide the illusion of diversity) at the taxpayers expense.
I've also heard trolling on CNBC by NY senator Schuman, that we need more regulation of the financial institutions, but we can't currently do that because the banks are so inter-dependent internationally today, that it can't be done currently. That is other countries don't have to honor our laws. So whats the implied next logical step? Bring the rest of the financial world under the same type legislation inorder to prevent such dissasters from occuring in the future (they would never mention the fact that the fed is the one that created this mess, no amount of legislation can fix that). This is the first major step towards the one-world-government.
The writing, is no longer wall, as they say, its becoming a reality.
This is just too convenient for these big bankers. Just think Morgan picked up bear for $250mil while the break up of the company alone is worth $7b, and no risk to him since its all backed by the Feds. $30b in loans secured by bear's bad loans. And consider how many people lost their savings and their entire investments in the last 2 days. There were 200mil shared traded on Friday when bear stock dropped $30 and another 150mil shares today so far when it dropped another $30 to $4 from $60 a few days ago. Thats 200mil shared that were bought by someone, only to find out the fed had just bankrupted them over the weekend. Free-market my ass!! Even the lawsuits that are sure to follow for bear withholding critical financial information from investors over last few months/weeks/days will be met with brick walls, after all the fed is the the big investor now.
Hell, why can't I get a deal like that. I'll settle for 1/1,000,000th of the value of that deal.
The fed is going to run the new company, "to protect" fed's investment into billions of $dollars$ of bad loans at our expense. JP morgan gets to keep the new company.
Me thinks this was the plan from the beginning. What a better way to consolidate all the major banks into a couple of big entities (to provide the illusion of diversity) at the taxpayers expense.
I've also heard trolling on CNBC by NY senator Schuman, that we need more regulation of the financial institutions, but we can't currently do that because the banks are so inter-dependent internationally today, that it can't be done currently. That is other countries don't have to honor our laws. So whats the implied next logical step? Bring the rest of the financial world under the same type legislation inorder to prevent such dissasters from occuring in the future (they would never mention the fact that the fed is the one that created this mess, no amount of legislation can fix that). This is the first major step towards the one-world-government.
The writing, is no longer wall, as they say, its becoming a reality.
This is just too convenient for these big bankers. Just think Morgan picked up bear for $250mil while the break up of the company alone is worth $7b, and no risk to him since its all backed by the Feds. $30b in loans secured by bear's bad loans. And consider how many people lost their savings and their entire investments in the last 2 days. There were 200mil shared traded on Friday when bear stock dropped $30 and another 150mil shares today so far when it dropped another $30 to $4 from $60 a few days ago. Thats 200mil shared that were bought by someone, only to find out the fed had just bankrupted them over the weekend. Free-market my ass!! Even the lawsuits that are sure to follow for bear withholding critical financial information from investors over last few months/weeks/days will be met with brick walls, after all the fed is the the big investor now.
Hell, why can't I get a deal like that. I'll settle for 1/1,000,000th of the value of that deal.