March 15, 2008
Bear Stearns Stock Plunges 53% !
Rat Says: The media is playing up the aspect that JP Morgan is stepping in to help out Bear Stearns. Trust me, they will be well compensated for it from the Fed who will use taxpayer’s money for the bail out. This is how the scam usually works under the auspices of “too big to fail,” the big banks act irresponsibly and take on too much risk. If they succeed they make a bundle and if they fail the people pick up the tab.
When you and I fail, we get thrown to the sharks. Bear Stearns gobbled up CDO’s like they were candy and now this incompetence is being rewarded. Is the Fed going to bail everyone out with our money? Who decides which rogue corporations to save? Is it “who you know?” Yes.
NightRiderTV
housingpanic.blogspot.com
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