Scoop’s Views

Despite already being rewarded for bad behavior and bad business practices by means of a bailout by the Federal Reserve, Bear Stearns’ stockholders are getting rewarded this time by its buddy, the Federal Reserve, as well as the U.S. Treasury Department.

Tags: bailout, Bear Stearns, Federal Reserve, financial crisis, financing crisis, George H.W. Bush, George W. Bush, irresponsible actions, JPMorgan, JPMorgan Chase, lending crisis, lending markets, mortgage crisis, New York Times, No new taxes, rewarding bad behavior, sub-prime mortgages, subprime, U.S. Treasury Dept.