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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Fun-da-Mental#1 who wrote (8710)	3/24/2008 9:25:31 PM
From: wildandwonderful	Read Replies (1) \| Respond to of 50680

The strange thing about this was Fed was complicity of this crime.Without Fed JPM could not have done the deal. Joseph Lewis,Jimmy Cayne can cry and sue all they want.No body could have done the deal without Fed approval and 30 Billion dollar committment. Now in the Auto sector Millions of job are being lost. GM,F,C,Delphi,Dana are all in trouble.Nobody is stepping forward to bail them out. They take care of Wall Street and not Main Street. "Rough Hew how you will there is a divinity that shapes our end"

To: Fun-da-Mental#1 who wrote (8710)	3/25/2008 2:54:37 PM
From: crdesign	Respond to of 50680

(I won't say all of the risk, because who knows what Bear's liabilities are or will be. And maybe Bear owed a lot to JPM. Or maybe JPM owed a lot to Bear! We'll never know.) Looks to me like another Shakespearian tragedy set on the W/St. stage. i.e. tell the patient everything is going to be fine, all the while it is actually bleeding them to death.. Lehman Bros played this very same Act back during the late 90's internet boom. Anyone recall the names 'Verticalnet' (vert) or 'Safeguard Scientific' (sfe) Back in the go-go days they were worth $280 & $320. Now they trade around $3. BSC & LEH deserve everything they have coming to them. FWIW, Seth Tobias (Circle T) knew the right time to exit this mad world. JMHO, Tim