It's incredible  that the NY "country club" set of bankers, hedge funds, Ivy Leaguers ,etc. is allowed year after year to invent new financial gimmics that noone really understands (including themselves) until they fail and their buddies in the Federal Gov't (ie. the taxpayers) bail them out. And you can bet that some new "bubble" will be invented or should I say conjured up that the  investing public will invest in until that bubble bursts. Too bad that Wall Street isn't run by lots of Warren Buffets  who at least have some ethics, morals, and a sense of responsibilty to their clients. Like the patient who abuses his body on a regular basis with predictable results, this too shall meet a logical end.

Another paper Billionaire may go by the wayside. The companies you borrow to "own" should have assets or works in progress to substanciate such loan costs. You would think that a billionaire would be sophisticated enough to realize this. If he must liquidate other holdings to cover the loss of these (Bear Stearns) funds, then Lewis is a billionair propped up by paper assets supported by other paper assets. The cards must fall where they will.

Let me guess, we will have another Sarbanes piece of crap written that will make middle managers have to work another 4 hours a week. I guess there is little diffence between 60 and 64 hours a week.

So, does this mean that if my business fails, the goverment bails me out? No..... it means I lose my butt and still owe the IRS.

Why is the fed involved in this deal?  Why is the fed involved with any coporate takeover? Just like the mortgage situation. Why are we paying for some one elses mistakes?  Sounds like the S&L allover again.

Hello!!! did the light go on jet ??? Perhaps this will give people some idear of how deep the hole is.In the meantime we have this whole group on both sides of the isle in Washington pointing fingers at each other and looking for someone to blam.    How about looking in the mirror ?? When in doubt , run in circles, screame and shout !!!!

What  the he.. is going on in this administration. Who is going to be responsible for thid big mess in American history. Bush, Dick or who. Pls tell us. Sone one needs to do time in jail for this mess. Let's bigin with Bush. The messy President. Continue with his vice. When is Americans going to wake up. When they become third world. Believe me if we don't do something it's coming sooner than you thought.

But then it's going to be late to play the blame game. Let's do something starting today. May be pray in your bed before you go to bed. B/c your life saving could fly away in a second and then you are realy going to wake up. WAKE UP MAN!

this is the tip of th iceburg remember the last deppression be aware that it very well happen again unless we stop our foolish greedy ways and allowing this country to go down the tubes by our lack of industry middle class ''and  theiving politicians, and by second guessing the military thank god for a president who finnally struck back at these crums who destroyed the wtc iran should be next in line for their terror agenda

let him eat cake.

Unbridled capitalism rides again.  Ain't self-regulation grand!!

There is something wrong.  It's called FRAUD and Colution between the major players at Bears, the SEC, the company's auditors, and major stockholders.  This sub-prime mortgage mess has been around for at least a year.  On Friday, Mr. Schwartz declares there is a liquidity problem!  The stock reduces in price to around half its value.  Some people go in and buy at this level thinking it will go back up (afterall it was hammered).  Then the parties, including the FED, make a deal on Sunday nite for $2 a share!  The little guy wakes up Monday morning and finds out his investment is almost non existent.  BALONEY!  The fix was in major!

Now check out what's happening to the rest of the brokerage/bank houses.  Lealman's and the rest.  The major players have manipulated the market with the help of oversight agencies, auditors, etc.  Our nation's acculmulated deficit has doubled or tripled.  We owe money to foreign countries and the dollar's value relative to other major currencies has dropped like a rock!  We have the major players making money in the US markets, dumping out, transferring their money overseas and into other vehicles to make more money.  While the US markets are going down the tubes!

If this keeps up, the whole damn thing is going to collapse.  Then we will see what the rich do when anarchy sets in!