FED Underwriting Rescues Bear Stearns

Joe Lewis stop crying, we know you are worth a lot of money (right now) but suck it up like the champ you are and eat the sour deal that JP Morgan is offering you. $2 dollars a share is much better than $0 dollars. And furthermore, why would Morgan care if you lost a billion dollars? 99.999% of this world doesn’t care. Simply stated, we ask you one simple question, why didn’t you utilize your clout and share to ask questions before the collapse?

Frankly, the world is not happy the FED is basically underwriting this rescue. However you look at it, you and the rest of the shareholders were bailed out now live with it and accept the $2 dollars or if you are lucky $10 dollars because you could have had to live with nothing! So to Joe Lewis, we say “cheers” and the next Boddingtons is on us.