BEAR STEARNS AND JAMIE DID NOT WANT THIS DEAL!

The Feds beat them over the head to make it work

Caught a bit of Brian Burroughs on C-Span concerning his Vanity Fair article on the Bear Stearns demise... interesting points… says Jamie was the reluctant hero (huh?) - both Bear Stearns and Jamie did NOT want this deal but the Feds beat them over the head to make it work…and they did so against their better judgment… Burroughs does not believe in excessive gov’t intervention called the markets a mix of Naked Darwinism and a meritocracy that overall can and does regulate itself… that the government stepped in to make a point, when it get out of whack, a bear Stearns event rattles the foundation. I liken it to every now and then Con Ed explodes a man hole cover to remind us that it works most of the time… is the SEC slow on the Uptick in more ways than one? Hello… Please rescind the uptick rule — enough already… please email the SEC and vote!