5 thoughts on “The system works! Bear Stearns in trouble

  1. I agree with Daniel…whatever Bush says, believe the opposite. And regarding your headline, that the system works, I’m not so sure about that. Those Bear Stearns shareholders and employees who saw the value of their shares wiped out overnight might not agree with you. Bear Stearns gets sold off at an astonishing discount and then JPMorgan gets a government handout to clean up the mess. If the system worked, Bear Stearns would never have gotten so over leveraged.

  2. Bilingual Blogger – ‘The system works!’ was intended to be a mocking version of the shrill claims you’ll hear coming out of other blogs. I’m all too aware that the system does not, in fact, work.

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