Cyring Foul : Bear Stearns Investor Rip-Off!

I predicted this, and it is coming true...
The fleecing of America will continue...
If you invested in Bear Stearns, get ready to sue! Sue the government and regulators that are letting this happen, and file personal suits against everyone involved in this "deal". This does NOT represent the best deal for the average investor. Ask yourself, would YOU like to be offered that same $2/share bargain-price to purchase Bear Stearns? I wouldn't mind a cut of that deal!

Don't let this stuff continue. We are all being used... fear is being put in our minds, and we are supposed to somehow accept a $2/share buyout of Bear Stearns as the only possible option for shareholders... the best deal?! My @$$!!! Somebody is going to get incredibly wealthy during this period of financial upheaval, all while the average investor gets duked. And, the government is helping to finance it. Beware!

"JPMorgan Chase & Co. surged in New York trading after striking a deal backed by the Federal Reserve to buy Bear Stearns Cos. for $2 a share, 90 percent less than the 85-year old firm's market value last week.
...
JPMorgan Chief Executive Officer Jamie Dimon bought Bear Stearns, once the biggest underwriter of U.S. mortgage bonds, for less than the value of its real estate..."

Here's the real kicker:

"Sanford C. Bernstein analyst Brad Hintz estimated that the breakup value of Bear Stearns was at least $7.7 billion. Even taking into account JPMorgan's estimated $6 billion of merger costs, the price paid for Bear Stearns is a ``tremendous bargain for JPMorgan shareholders,'' Hintz said in a report today."

EXACTLY!
The breakup value is quite a bit higher than the purchase price.
A bargain indeed!
Too bad the public at large isn't allowed to take part in this fire-sale!
Sure, JP shareholders may stand to benefit, but at the cost of another group being fleeced like never before.

Was BS going to go bankrupt? Who knows, but once the price has been pushed down to $2/share for an acquisition, that doesn't leave THAT much risk in finding out! On a risk-reward basis, I think most shareholders may have taken their chances and rode Bear-Stearns stock out for a while.

This all sets a terrible precedence for things to come. And, you wonder why the market (financial stocks in particular today) have fallen off a cliff?!