JP Morgan and the Feds bailed out Bear Stearns over the weekend. But is this really a bailout? Looking at the early morning trading figures of the company stock, I can well imagine the plight of the shareholders. This sub-prime mess and all the collusion of BS that’s been created by the financial industry is now harming those who invested in a secure future with a once well respected company. I suspect that the repercussions of the financial instability in the US have yet to truly unravel and there is going to be a deep distrust of the financial sector for a long time to come.
RSS 2.0 Feed URL
