GOODBYE US BANKS AS BEAR STEARS FAILS

[flyingiguana]

Quote from WaveStrider:

What are people complaining about?

Now that people are broke, Paulsen and Bernanke are fixing the mortgage lending rules.

Isn't that enough?

they should have figured it out a lot sooner...

 

[Triple X]

The IB's in trouble from CDO's need to go bankrupt. No bailout - F' em. These derivatives were about the biggest fraud in history. So many foreign banks and pension funds lost hundreds of billions, maybe the fed should make them right too? These scumbags swindle the world, and we are going to save them?

I really am amused by all this. We are bailing out these companies, when they should be forced into bankruptcy and the execs put in jail next to Bernie Ebers.

 

[craigs21]

This is going to feed on a total loss of confidence in all of the financial institutions. Soon there will be no place to hide except gold in your personal possession, canned food, and a shotgun.

 

[bellman]

This was meant to be sarcastic, no? Please for the love of baby Jesus, you WERE being sarcastic???

No?

You're killing me, Smalls!

Quote from Cheese:

There is no public loss on interest paying short term liquidity loans from the Fed.