Is anyone else still as PO'd as I am over the BSC crap that just happened over the past week? I didn't have any money in it but OMG, 14.000 employees, thousands of investors, etc get left holding the bag on this one.

How can anyone of these criminals live with themselves? They should all be shot including the government officials that just looked the other way and now help JP Morgan win. Why JP Morgan, tell me that!

A little video that says it much better than I can. Grrrrrrrrrrrrrrrrrr

http://www.youtube.com/user/donharrold

It might sound a little harsh, but, I personally think, that if Enron ( and a lot of others ) lesson did not teach emloyees not to put all the nest egg money into one company ( especially their emloyer company - there is a good reason why companies push their stock to employees at 10-15% discount ) - these emploees got what they asked for. Pensions is a different story - I feel sorry for those paycheck players who believed their "Golden Years" are covered ( Anyhow - what is so "Golden" about "those" years?).

As for investors - investors take risks - I do it every day betting my money on worthless paper.

Just my opinion - of course, I would not want to be in those poor souls shoes ( When I quit my last job - I pulled all the money from 401k and pension fund on a day one - I respect RISK - and try not to take too much of it )

my opinion is that the fact that Bear Stearns has been a criminal enterprise has been widely known since last August with the collapse of the hedge funds. That fact is just the tip of the iceberg. So everyone with any interest at all in Bear Stearns has known this for at least 5 months. To me this means that anyone still associated with Bear Stearns in any way is part of the enterprise. Bear Stearns needed to go. Of course others do also. There are risks in investments and then there are risks in investing in criminals. I feel sorry for people who lost money via trust in Bear Stearns up until and including the collapse of the hedge funds. After that point they should have done due dilligence and discovered they were involved with criminals. The employees? nope, none of them can claim they did not know now, they have known for 5 months which gave them plenty of time to leave. Those that stayed were willing engaged in a criminal enterprise. Many of them need to go to prison. Just my humble opinion.

"Ignorance has been punished"

the only way to avoid " risks in investing in criminals" is NOT to invest - all companies and corp officers are getting rich at expence of shareholders and paycheck players. And later on FED dumping trillions of TaxPayer Joe Av $$$. to bail criminals out ( FED did not offer to replace lost pensions and investment for employees of any of belly up cos. )

We all have/had a choice to make - keep complaining in the slavery or take out chances - Bear's folks stayed... here is a downside of it. 

Awesome Awesome Awesome and Awesome again I really liked the qoute from Thomas Jefferson. What a Time Capsule that is.

I am not positive that the Fed should be done away with, But do agree they should be controled with more oversight and accountability to the taxpaying public as well as the SEC. If anything, trading should have been stopped at the price on tuesday, Can't tell me that all of them didn't know at that time. and the shares should have been credited to everyones account.

Then do the busisness they had to do. that is accountability and if the Fed and Sec had to do it that way because of oversight, then they would think twice about the bailing out and transferring the torch.

JPM has gone from $36 Monday to 42.xx today, so what does that tell you.

then we have the GREAT DEAL of VISA bringing there debt and troubles to the workitng guy.

Do I have SUCKER written on my forehead. Granted I might be losing out, but why enable.

Now with the Big V coming in with there Debt burdened company, that are foreseeing huge legal expenses from lawsuiets this is what they are going to do for us.

Visa said it expects the proposed restructuring will "best position the company to meet the evolving needs of its customers and will accelerate its growth" by improving efficiency and increasing its access to capital. An IPO would also give Visa a currency to make acquisitions and reward employees via stock options.

Nothing Nothing about investors. This is how I read this

Visa is introducing the IPO because we are in a huge amount of debt, not sure if we are going to captilize on high interest unsecured loans. therefore we are moving to wall street in attempt to raise cash solely for our purpose, plus we are going to dangle a carrot in front of our employees, who will buy our shares because they work for us. thusly relieving any accountability for our mismanagement and we will be able to keep our pay and bonuses for such a great idea.

That is just me and how I read things, like i said in another blog why wall street continues to reward these baffoons is beyond me. don't buy V on ethics.

great post boca

The banks that issue the cards are the ones holding the debt.

The only downside to the stagnant economy for V is when everyones' cards are maxed out, they can't use them any more and revs from transactions fall off.

I was looking at the chart and the cheapest that I, the average working class stiff, could have gotten into this grand marketed Event was 55.06. that was yesterday around 10:30am. Wow I could have gotten into it 25% above the IPO price. Golly Gee thanks appreciate it. With it sitting at 58.79 right now that is A whopping 5% gain for me in two days. While the big big guys enjoy that 33% gain.

Is my thinking wrong, am I being to sarcastic, maybe i am not the capitlist type. You know banks are going to sell there shares for the profit, so why jump in at this time. get it for a lower price. Then again, I could be just too cynical in all of this. We will see. The guy that is helping make the profit.