Even Jamie Dimon Knew $2 Was a Joke

Why is this allowed to happen? The government screws everything up it tries to manage....ie SS !

o the joy of having a free market economy ---democracy can be hard at times but its better than any place else on earth !!!!

where do you think the Bear Sterns stock will end up? Im debating if I should sell now around $11.00

Ben Bernanke is ABSOLUTELY the worse Fed Chief EVER!!! He should be FIRED!!!!

Lender of the last resort. People people! The fed is only doing its job. If you guys like me want the feb abolished thats a whole different thing. Until them cut them some slack!

Lender of the last resort. People people! The fed is only doing its job. If you guys like me want the feb abolished thats a whole different thing. Until them cut them some slack!

I can't believe the BSC board approving this deal ! They should fight to get at least $25/share.

Jamie Dimon did what he was supposed to do. He went after the best deal and soon he will get it. He need not feel bad about what he did. That is what the best of Wall Street and investing is all about - aggressively taking advantage of opportunities within the law.

dang! they were ther In 1892...95 and 1914, 1920, 1930, 1940, 1959 the 1980's and 90's......why not now!...........duh! quote***In 1933 the U.S. declared bankruptcy, as expressed in Roosevelt's Executive Orders 6073, 6102, 6111, and 6260, House Joint Resolution 192 of June 5, 1933 confirmed in Perry v. U.S. (1935) 294 U.S. 330-381, 79 LEd 912, as well as 31 United States Code (USC) 5112, 5119 and 12 USC 95a.***end quote!

I wonder who had 5 dollar calls on this guy.

I thought this was a technology blog???????????????

Bear will be worth around $5 at most after all the write downs. The only reason they are offering $10 is because they are backed by the govt. and the govt. doesn't want this to cause us to go deeper into recession.

This stock was going to be worth nothing. The stockholders should bow down to JPM for giving them something for this worthless piece of crap. They need to stop complaining - $2 last week was a gift. Now they are basically getting welfare...

Why is Henry Blodgett allowed to opine on anything? He has no credibility.

Fvck Henry Blodget!!

Wow, this is great news! When can I expect the check to keep my company going and will my rate be 2.5%? ...........What? Whoa, wait a minute, are you telling me that only a company that has friends in high places will be bailed out? Who is next? Maybe Exxon can make a few bad investments and we the people will be there to bail them out........oh, wait a minute we are bailing them out through tax breaks.....*sigh*, thank-you oh great ones of the Congress and the Senate and most of all our "great" leaders Bush and Cheney, let us hope you all live a long life except that you live if broke and destitute.

Fvck Henry Blodget!!

look and study face of bernanki, what that guilt is for?

The Socialist Republic of America? Smells more like communism.

No, the Fed was not doing its job. It is not the Fed's job to use $30B of US tax payer's money to go and buy up Bear Stearns Toxic shares. Sure, Bear Stearns' shares are worth more now because they just got the backing of $30B behind them. "A fool with money will soon be parted". What do you get when there is a fool with someone elses money? Well, that money comes from the hard working US people.