Reply #9: Why should JPM worry about a mere $1 billion when they have $ 30 billion of Fed money

[fedsron2us]

to underwrite their takeover of BSC. They can easily afford to dish out the cash in order to get BSC share holders to rubber stamp the deal. The question is whether such a public funded bail out is legal, particularly if it rescues the stock holders who in normal circumstances would face a wipe out in bankruptcy. Some think not

http://www.hussmanfunds.com/wmc/wmc080324.htm
http://market-ticker.denninger.net/2008/03/articles-of-impeachment-bear-stearns.html

You know something is rotten when even some conservatives think it stinks.

It is crony capitalism at its worst where only the little people have to suffer the consequences of their actions.