Bear Stearns, Bailouts and Bullshit

First Citigroup, now Bear Stearns, who's next? This is a major crisis and we have not seen the last of it. In fact, perhaps this is barely the beginning. These stop-gap decisions by the Federal Reserve to prop up banks that are "too big to fail" seem merely to be prolonging the inevitable. Here's an interesting video on the subject (about 10min but definitely worth watching):




Bear Stearns Stock:
January '07: $171.52 (peak)
March 13th '08: $60 and falling
March 14th '08: $36 and falling
Post-Buyout: $2 (valley)

Ouch.