Now the latest on Bear Stearns. JP Morgan sweetens the offer by 500% per share. What happened to the necessary bail out by our gov't. Sounds to me like there was no crisis. What a surprise that our government would knee jerk to try and prop up markets in a free(?) market system. I saw a pundit who was lamenting the fact that the Bear Stearns deal is different as the major stockholders (aka execs) were wiped out. My guess is they would have had to learn to live as millionaires as opposed to billionaires. Let all who have sympathy for the greedy please cry out together. What a bunch of dung.
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