Considering the opening of the Bloomberg article in the OP..... The Fed actually bought all of the potential Bear Stearns downside risk, while JP Morgan Chase reaps the reward from any actual upside...
Quote:
March 16 (Bloomberg) -- JPMorgan Chase & Co. agreed to buy Bear Stearns Cos. for about $2 a share after a run on the company ended 85 years of independence for Wall Street's fifth- largest securities firm and prompted a bailout by the Federal Reserve.
The central bank will fund as much as $30 billion of Bear Stearns's ``less-liquid assets,'' the two companies said in a statement today.....
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So how many of these Fed enigineered "deals" can "we the people" potentially absorb, while we suffer the accelerating affects of the broader economic "downturn"?