JP Morgan Buying Bear Stearns

[car67]

This is just bad news

http://biz.yahoo.com/ap/080316/jpmorgan_bear_stearns.html

Lot of people just lost huge money and it will be very ugly we are in bad shape as a country!

[sharksfan]

For $2 a share? LOL!

http://biz.yahoo.com/ap/080316/jpmorgan_bear_stearns.html

[car67]

Shark sad thing everyone is missing the big picture lot of people will be jobless soon and huge losses coming system wide...... hang tight

[Rover]

So, it's perfectly OK for the Federal Government to bail out rich investors ASAP, but real help for the small guy is out of the question.

Through 2006, I had voted Republican all my life. I will never, ever vote for a Republican again. The 8 years of Dubya have wrecked havoc on consumers and the economy.

I apologize for the politcal rant.

[sharksfan]

Shark sad thing everyone is missing the big picture lot of people will be jobless soon and huge losses coming system wide...... hang tight

I agree with you completely. We haven't even scratched the surface...

I'm glad I got my BK filed before the system gets flooded with new filers. If I loose my job, at least I will be nearly debt free!

[$$only4ever]

I just heard on tonight's news that approximately 14,000 Bear Stearns employees could be terminated. This really is not good news. Now the Fed Reserve is lending money to financial institutions at a really low interest rate to keep them afloat. I wonder where this will all shake out?

[lrprn]

I just heard on tonight's news that approximately 14,000 Bear Stearns employees could be terminated.

So now people in the upper class are finally joining the millions in the middle class who have been forced into job losses beyond their control.

The artifically inflated real estate bubble finally burst for these big financial companies like the rest of us, that's all. They dug their own holes in the name of extravagant, insane profits. Live by the free market, die by the free market (although anyone who thinks the US really has a free market just needs to read the news today about the Bear Stearns buy-out by our government using our tax dollars. 'Free market' my a**.)

[mesa777]

What I love is how fast the government is able to help these big companies and when it comes to sending my their $300.00 "bailout" for the avg citizen its taking MONTHS to get the checks out!!! The US Govt should let ALL of these companines that made wrong choices GO OUT OF BUISNESS!!!

Now we will just KEEP adding to the overall US bankrupcty rate!! Things are getting real bad in this country and the federal govt is just trying to avoid panic of possible bank failures!

[Cali]

What I love is how fast the government is able to help these big companies and when it comes to sending my their $300.00 "bailout" for the avg citizen its taking MONTHS to get the checks out!!! The US Govt should let ALL of these companines that made wrong choices GO OUT OF BUISNESS!!!

Now we will just KEEP adding to the overall US bankrupcty rate!! Things are getting real bad in this country and the federal govt is just trying to avoid panic of possible bank failures!

Funny how that works.

[$$only4ever]

So now people in the upper class are finally joining the millions in the middle class who have been forced into job losses beyond their control.

The artifically inflated real estate bubble finally burst for these big financial companies like the rest of us, that's all. They dug their own holes in the name of extravagant, insane profits. Live by the free market, die by the free market (although anyone who thinks the US really has a free market just needs to read the news today about the Bear Stearns buy-out by our government using our tax dollars. 'Free market' my a**.)

It is kind of funny. Here the country is on the brink of a recession and I am in the best financial shape for the first time in over 20 years. Go figure!!!!!!! Don't get me wrong. I am not complaining.