Pathetic Bear Stearns Bailout: Who to Blame

Here's the thing, if the Fed and Chase didn't step in and Bear went under. An even bigger amount of unsellable debt would be dumped on a market that is already in crisis. Whether Bear's management is to blame or not, the Fed guarantee is nothing on the taxpayer compared to the pain caused to the economy (and thereby taxpayers) all that basically worthless debt would ignite. So, yes, the Fed really had to step in.

Yes! About time someone said something about taking resposibility. Alan Schwartz should be taking some heat...and what about the denial we were hearing all this past week regarding "no problem" coming from Bear Stearns? Also, Was it not Ronald Reagon who wanted to get government off our backs and de-regulated the banks and investment houses? Like, let the fox watch over the hen-house?

Was the CEO pulling down $20M plus options while the stockhlders are out again? That is a certainty!

GREED - ya think -

Did you just catch ahole Bush on TV. He couldnt pass up a chance at instilling fear into every American. Now its the Red, Orange, Yellow with the economy. The tax cuts only benefit the rich and those are the guys that put us into this predictment to begin with. Times were great with Clinton and everything started to end with Bush. Get him and his cronies out of the government and we will begin to rebuild.

Insider Trading seems to have become a daily occurence. Where is the SEC? The story of the year, climaxing today, and the option trades from yesterday? Do your jobs!

I was in housing bubble as civil engineer and developers are realators on steroids who didn't factor in entry level homes have doubled in last +/- 13 years and income for family of 3 up 10%. $45K to now $48K/yr. Dah! Real estate finally flattened out and with credit crunch, you couldn't use your equity or credit cards to help. Supply take +/-4 years to be absorbed and commercial +/-2.5yrs. Now all these investment folks have alot of sub prime and puts to clean up & be as bad as 1972 recession. Why a problem when not understand the sophistication.

This is just insane. How could the CEO be out three days ago saying, we are solid, we are liquid, there is no problem and today the company is ready to collapse.

...... and, let me guess, the Fed must surely have also required the management of BSC to refund their last few yeras of mega-bonuses, just to reduce the burden on the poor taxpayers.....

Bush is not that smart. It's Cheney's fault.

Promises If I could be elected to the House or Senate and keep my promises only for a minute, I’d have an opportunity for peculation, and could rob and fool the entire nation. But that’s what’s happening, They rob the poor and pay the rich, and always get away without a hitch. Forget about notions of ability and need, The economy rests on chicanery and greed.

Good money chasing after bad goes against everything we learned in school, these companies are partly to blame why the rest of the world does not have faith in the US dollar anymore. Poor example of free enterprise indeed.

america has lost it's backbone- our solution to each crisis is- print money and be nice...bailout bsc, bail out mortgage companies.. problem is- only winner is the top executives, losers- retail investors, retirees, the average joe. As a country- we need to get tough- admit our faults- pay for them- and move on... don't get me started on health care- it is not a guarentee in usa- but perceived as one- that is part of the issue. National healthcare won't work- only cure is to face the costs and create competition and provide increased access and improved tax relief for those that have to pay for insurance...get it? ps- why do you think Obama or Hillary will most likely win the election? because the average Joe is tired of the excuses from the leaders of this country as to "why things are getting worse and not better" as for our war- get real- it is about oil- want to fight the good fight- fight for freedom in Africa, Afghanistan and sort out the "non citizens" in the usa that are sapping our economy..want to become a us citizen- do it properly, then pay taxes,etc.. good luck to all

Greenspan.

A bailout is ok for BSC if itfrces a merger that would eliminate the bad management's jobs.

the world hasent blown up yet

Its my money ,and i want it now!

Henry Blodget? Isn't this the same "analyst" who was paid millions back in the late 90's to tout dog-food internet and telecom stocks? This guy is about as credible as a snake-oil salesman.

We are paying off the $22 billion dollars in bonuses these idiots gave their employees last year.... We need new leadership in this Country!!!! Not just a new President, we need to vote out all Senators and Rep who are lawyers and vote in business people who know how to think not react.

What we are witnessing is the beginning of the nationalization of the banks. I don't think anyone wants to see this as its the first step toward financial socialism in this county. LET THE BANKS THAT MADE THE BAD LOANS FAIL, and THEN have the government through any FDIC insurance come in. It we don't allow these morons to fail, then the cycle will be repeated again as there is no accountability or FEAR that they will go under. Our government is owned by these institutions, NOT YOU!!!