Bear Sterns Bites the Dust: J. P Morgan Get SSweet Heart Deal

The recent Bear Sterns fiasco just illustrates that government intervention has to be considered wisely. While the Federal Reserve action may temporarily prop things up, the idiotic mentality of grubby investor groups will be preserved. Idiots deserve their just dues.

Bear Sterns and their investors are taking a cheap shot. They, Bear Sterns, did get stupid, but they only had 2 Billion in sub prime, less than 10 percent of their investments. Bear Sterns should have been able to survive that write off. They had options to get things together but blew it. Not my problem.

So now we have J. P. Morgan Chase getting a bargain basement deal for no real reason. The law suits are going to fly as they should. If the government wants to get involved they need to get some Solomon intelligence. The two buck a share offer on 40 plus bucks a share value is a crock. So the Bear Sterns stock holders need to do what Bears Stern should have done, get a fair deal.

If financials don't come to grips with their own stupidity soon things could get ugly. The sub prime thing with the warm and fuzzy thinking behind it was stupid. Just because some idiot wants to buy something overpriced is no reason to lend them the money. The financials speculated and the idiots speculated. Let's see what happens the next time I hit Vegas. Is the Fed gonna bail me out?

Get a clue you herd mentality dumb butts! You screwed the pooch! It is not my problem that you are stupid. This buy high beg for bail out crap is over. If you want to invest get some gonads and learn contrarianism.

The only people that deserve a shot at bail outs are people that are trying to live in the overpriced homes they bought. They deserve a shot at Federal refinancing. Other than that let the idiots crash and burn. The insomniac whack job flippers need to be out of the financial gene pool. Take the lumps now and move on.

Of course the whiney butts will bitch. Give me a break! You grubby idiots need to pay if you play. Get your finances in order or find a soup line. Never invest what you can't afford to lose.