posted on Mar, 17 2008 @ 11:27 AM
reply to post by marg6043
I mean.. it was a legal transaction.
No warning, so no one could dump their stock.. but I mean, we don't want to incite panic and have all the money flow out of the corporation right as
another corporation is about to aquire all of its assets.. I mean, that would make no sense to JP Morgan who would in turn loose billions in lost
And over the weekend, hell, whats wrong with that? Take people by surprise, and ensuring that the market being closed will have limited reactions to
it.. When I walked into my office today, mad as hell, NO ONE knew about the situation ... and mind you, I work with investors.. and no one cared until
I told them the most secure mutual funds are funded by financial isntitutions, under the promise "they will always be there" ..... some people will
be having a bad day when they see their IRA's and 401(k)'s lost a chunk of money invested in Sterns...
And why sue.. I mean, it was the FEDERAL reserve that sped the process through, quickly, and even aided JP Morgan 30 BILLION Dollars to esnure funding
to the billions in assets being acquired.. regardless of the fact that JP Morgan is the biggest bank within the Federal Reserve, it bought Sterns
whole sale for a fraction of its value.. consolidation of wealth and power all by the good graces of a mock entity flouting the name Federal in its
title so the moronic public will remain clueless....
Federal fraud. Nothing illegal about it... at least, when the law makers are breaking the law..