JPMorgan to boost bid for Bear Stearns: Report

Why don’t they give them $500 a share? The Fed is just printing the money to pay for it anyway.

Why the hell did an investment company get mixed up in mortgages especially sub-prime? Now that things went bad they need help. Chase was smart and didn’t approve everybody on the planet for a mortgage that didn’t have a dime. Maybe banks should stop hiring college kids that are great sales people, but ones that have a clue about the business they are getting into.

Is it me? Or does it appear that the markets have learned to manipulate the fed’s actions instead of the other way around?

Let Bear go bankrupt and let the greedy shareholders get pennies or nothing on their investment!

I believe unless that there is some notion of responsibility that is infused in the investment process (investors being punished for poor choices) – other institutions will be emboldened to repeat their [Bear Sterns and it’s investors] folly and continue to put at peril the entire financial system. Greed inspired the loans and investment let valuations be the lesson … Caveat emptor.

Pathetic, that’s what they deserve for “putting all their eggs in one basket.” Happy Easter!

Unsubstantiated FEAR brought down Bear Stearns, That does not make it right for everyone to panic. Believe me there is more to this than the public knows. I say let them get what it is truly worth, if it’s 2 bucks then 2 bucks, but if it’s $80…then give it to them.

Just merge it all into one company called Morgan-Stanley-Dean-Witter-JP Morgan-Chase-Bear-Stearns. In pieces, or all together, the whole thing is going south because of extreme overleveraging and greed. Doesn’t anyone remember 1929?

This country is on the verge of Economic collapse. The american Airlines can’t make a profit, the American Auto Industry can’t make a profit. The Amerian Manufacturing sector, oh that is right, it doesn’t exist anymore! And now most of the American financial sector is overleveraged and potentially could collapse. What is left? Not even the Fed can curb the long term economic disaster tht looms for the US.

Let the free market do it’s thing whatever that may be.

Why don’t they just wait for it to go belly up and then swoop in and get it for peanuts!!! (Sort of like buying a repossessed home for back taxes) or make the deal only viable with investor cash alone.(no government guarantee!!!)

Does anyone else feel that the mortgage crisis was orchestrated so the the Fed could take control of the investment banks to go along with the commercial banks. Centralization of power!

On January Mr. Lewis made a comment against Georgi W. and now you can see the “goona get ya sucker” that came from it. Ahjem..Hail Georgi, 5th Reich Fuhrer, your neocons follow ya to victory…

BOOOOOOO!!!!!!!!!!!
*throwing little paper balls*

The moralistic comments that insist that Bear Stearns should be allowed to fail do not take into consideration the collateral damage. What about all the decent employees, both retired and active, who had nothing to do with the bad decisions made at the top? Should they be wiped out? What about all the ordinary investors who admittedly will not lose their money but will go through a painful time of upheaval? Would that all our tax money would always be spent on morally acceptable causes.

I say let Bear Sterns take the fire-sale offer or go broke. Joseph Lewis et. al. knew full well the company was taking extraordinary risk in the sub-prime market. He and others got blinded by greed and now that they’ve been burned, they’ve resorted to shameless whining about it.

I don’t think they should get another dime which we have to finance. Let them go belly-up.

Amazing. Here is a company that represented the worst practices of this bubble. It should have gone bankrupt. The only reason its shares have any value or even exist for that matter is that public tax money was involved to bail it out. Will the higher price per share go back to the tax payers? Don’t count on it.

nice $500 million profit for the week for JP Morgan. This is blatant transfer of wealth