Bear Stearns

arbilad · Head Chef

Bear Stearns

LoudmouthMormon · Profuse Pontificator

I sometimes wish we could take the US's tradition of enriching of lousy departing CEO's, and the Japanese tradition of accepting blame and killing yourself, get rid of them both, and have something a bit more reasonable to take their place.

LM

Duke of Mirth · Profuse Pontificator

This is gonna get ugly.

arbilad · Head Chef

I hope it doesn't get too bad.

bokbadok · Senior Bucketkeeper

Frankly, I'm upset that Bear Stearns was bailed out by the Fed. Because that means that Bear Stearns was bailed out by ME. And YOU. And our children forevermore.

Is the Fed deliberately trying to devalue the Dollar? And how does it decide what institutions deserve bailing and which don't? Congress is discussing bailing out homeowner's who can't keep up with their stupid ARMs.

My, I'm the judgy-judge today. I think I'll go buy some more rice and beans.

Cocobeem · Keeper of the Holy Grail

The whole thing is screwed, to be sure.

beefche · Profuse Pontificator

bokbadok wrote:

Frankly, I'm upset that Bear Stearns was bailed out by the Fed. Because that means that Bear Stearns was bailed out by ME. And YOU. And our children forevermore.

Is the Fed deliberately trying to devalue the Dollar? And how does it decide what institutions deserve bailing and which don't? Congress is discussing bailing out homeowner's who can't keep up with their stupid ARMs.

My, I'm the judgy-judge today. I think I'll go buy some more rice and beans.

I agree, bok. I'm sitting with you on the judgement seat today.

mirkwood · Senior Bucketkeeper

Me too. If I make bad decisions I deserve the consequences.

arbilad · Head Chef

Yes, hiding consequences of actions just sets you up for worse consequences later. BTW, on a related note, McCain was one of those who pushed through the rescue of the Savings and Loan industry in the Keating scandal.