Lions and Tigers and Bear Stearns - Oh My!!

I have been able to witness the actions similar to what happened to Bear Stearns in my working life. Highly educated ivy leaguers and/or actuarial types think that math and pure intelligence overcomes ignoring business fundamentals, smart business decisions, listening to customers, and tapping the experience of people who have been there and end up ruining companies.

They ruin lives, customers lives, all because they look for the quick buck instead of the earned buck. Customers don't count, employees don't count, country doesn't count, nothing counts except return to the shareholders.

And now the Fed comes in and bails out a company like Bear Stearns who did what I describe above. Guess whose tax dollars are now backing up poor corporate decisions based on greed. The next bunch of greedies just got a new safety net, you and me. I say let them fail as an example that doing business based on greed and poor quick buck risky decisions should get you a lot of trouble. That is what free markets do, reward the truly well run companies and banish the others.

To see who we are helping go here:

http://online.wsj.com/article/SB120571021671940207.html?mod=yhoofront