online.wsj.com — In a move to assure the deal gets done, J.P. Morgan Chase has decided to quintuple the price they're paying for Bear Stearns from $2 per share to $10. I guess you can afford to do that when the US Federal Reserve is financing the deal and taking on all the risk.
Mar 25, 2008 View in Crawl 4
Closed AccountMar 25, 2008
What a ridiculous, pointless rant. The Federal Reserve was created by a democrat President and Congress. Bush certainly follows in Wilson's footsteps, but Republicans have not had much opportunity to fight the Federal Reserve in the past 90 years. Democrats controlled Congress for something like 65 of those years, and by the time Republicans regained some strength - the system was too entrenched to change overnight. Besides, Republicans controlled congress for only 12 years. That is not a long enough time to phase out the Fed, at least without massive economic uncertainty.
Closed AccountMar 25, 2008
You don't have a problem using the people's money to bail out greedy corporations?That seems pretty stupid to me.So you are fine with paying for other people's greed and stupidity?
xela21Mar 26, 2008
...and China and Japan, South Asia, and Oceania,.... Laten America, and Europe.....
sigg14Mar 27, 2008
they print the money out of thin air, then the taxpayers pay the interest on it, and they pay by having the dollar devalued
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