Bear bust could have been 'disastrous'
JPMorgan's Jamie Dimon and Bear Stearns' chief defend extraordinary deal. Bear was on verge of a collapse that posed risks for markets and economy.
the reason the "feds" prevented Bear Sterns from collapsing was to protect the interests of the rich. To say that if the rich lose money the poor and middle class will be affected is like saying if the poor lose money it affects the rich.
The rich could care less about the poor. They actually don't want any handouts given to them for an extended period of time, but it is okay for them to receive 29 billion dollars from the people of the United States. Some of that tax money is coming from people who's homes have been foreclosed on.
It's criminal.
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