If our president and his party was worth their salt,we would not be in this mess in our country. Our young men dying over oil,our economy faultering,the housing industry sinking and our ship is adrift without a captain and crew to save us..........................

whoever said "debt's the american way?"  when did we decide that literally everyone was entitled to home ownership?  when I first decided to own a home I purchased a property that was within my means with the expectation that I would purchase "more home" when my income justified such a purchase.  so much for working up in america

They are all a bunch of greedy little monsters. They invent *economics* as they go along, in whichever way suits them. Imagine that only a few days ago the person at Bear with all the resources and data that anybody can wish for stated that their stock was worth $80. Four days later it sold for $2. Amazing! What is amazing is that someone in that position can do that and not have to justify himself.

Anybody who is not amongst the greedy little monters and  believes that there is fairplay on wallstreet is really just fooling himself. And, who ever believes that the greedy little monsters have any pride or shame is also fooling themselves. They would steal your pension money without giving it a second thought. And, it doesn't matter how maney billions they have...........it's your $50,000.00 pension plan that makes their mouths water.

One day we will be reading about how much money he made from the deal.  We will read about how 4 or 5 greedy little monsters  made billions from the deal while thousands lost their pensions.

This inept congress should rewrite the banking rules to guarantee that backs cannot run the riskes many have taken. If we don't stop this criminal behavior we are constantly going to be living boom or bust a ship without direction.

How can anyone in their right mind hang the failings and mismanagement of Bear Stearns around George Bush? Anyone with a simple understanding of the history of Bear Stearns knows that they've been traveling down the road of risky investments for a long time and now it's caught up wiith them. I think the Feds and Bush need to let the financial chips land where they fall and stay out of the financial market all together. All this "Government to the Rescue" is going to come back and bite the free market right in the keester. We need to let the market adjust on it's own no matter how much it'll hurt. Shame on you Dr. Lynn Lofthouse, wherever you are!

Joe Lewis is a most excellent person....it's going to be a bumpy ride for all of us

This mess clearly illustrates how our capital system has been skewed. We privatize the profits and socialize the losses for the connected. By robbing from the community. This pattern has been played out before with dire outcomes. Its time to except that the laws and guide lines that were pushed aside for the expedience of deregulation was a mistake. We better come around to realize that a sound economy is based on the community it’s based on. Not the perceived efficient world economy

THe irony of this is greed from the very bottom to the top. Greedy young folks thinking they want it all right out the gate who obviously overextended themselves, banks who took advantage of that social attitude.

We are all going to suffer and the sad part is I don;t think the majority of the American publis is willing to make the sacrifices needed. Wil they give up their SUV's, Cadillac trucks(LOL),running kids to some differnt event every night so they don;t have to really deal with being paretns under the guise we want to offer our children everything and so on.

Than you've got the adminsitratration! What a joke. This administration is and has been an embarrassment to the US and will pay for it for many years to come. We will never recover to our status of a superpower regardless of what the extreme right thinks. Trust me someone is making money off all this mess , the war, the crdue oil, the mortgage crisis and I bet my next  paycheck they report  or reside at Pennsylvania Avenue.

AS far as this guy, so sad too bad! Don;t know about you but my portfolio and changes in Social security have it so I will work unitl I can no longer physcially so so and I hope that is when I drop dead because I can't afford the assiste ehalth care for the aged so if he's looking for compassion........go pund sand you idiot. Come work my turf a while I'll give you something to whine about!

I agree with the comment I believe this is just the tip of the iceberg!

Dear Kevin Fagan,

Made in America to my generation, which is 18 to 35, means it's of cheap quality and shouldn't be bought.

C'mon now! You can't have it both ways. Whenever the gov'mt suggests controls, the whole country raises the alarm. .. big brother, big brother, and so on.

And, I think that most intelligent folks recognize that there's greed on wallstreet, because it goes with the territory. The opportunities to make big bucks are why these high flyin' guys get involved in the first place. Be honest with yourselves at least (there ain't a whole lot of honesty up town)  . . . . if you had the opportunity blah, blah, blah . . u know what I'm saying??