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To: MythMan who wrote (366758)	4/26/2008 5:56:43 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 436258

from comments... You tiptoe around it, but the real reason, was because the system was at risk of total meltdown. Not so much from Bear Stearns, although they may have been the fuse. The single largest player, holding most of the total derivative toxic waste, is JP Morgan. They were the one's at risk, if the derivative daisy chain started to unravel. That is why they got the sweetheart deal and used the transaction to provide tax payer funds to bail them out, under the guise of rescuing Bear Stearns! Sam Mathid <sammathid@yahoo.com> 4-17-2008 at 6:14pm Interesting that the New York Attorney General Elliot Spitzer who had a history of investigating and prosecuting corporate malfeasance at the highest levels was sand-bagged (by the FBI!) and forced to resign on 12th March. It would have been very uncomfortable having him around during such shenanigans. Questions might have been asked, make that WOULD have been asked. What sort of a country have we become?

To: MythMan who wrote (366758)	4/26/2008 7:35:58 PM
From: stan_hughes	Read Replies (1) \| Respond to of 436258

That's comparatively old news actually, especially for a market with an attention of maybe 2 hours max -- Message 24527531 Judging by what's happened since (i.e. nada), to quote a phrase I've heard somewhere before, that "story" is apparently meaningless