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The Bear Stearns Companies Inc. |
DO YOU KNOW WHAT THIS PROVES? As things changes, laws need to change.
You CANT YELL FIRE IN A CROWDED MOVIE THEATER AND CAUSE PEOPLE TO GET
TRAMPLED TO DEATH. Freedom of Speech does not cover that. Some moral-
deficient shorted this stock and then colluded with a few others to
get it to tank. The paper trail will be found, the FBI will get
involved and they WILL BE BROUGHT TO JUSTICE AND SENT TO JAIL.
This proves nothing new. GO TO ANY BANK IN ANY COUNTRY. IF EVERY
DEPOSIT HOLDER SHOWS UP ON THE SAME DAY AND WANTS THEIR MONEY BACK, IT
ISN'T POSSIBLE. This was a disaster.
I've been with Fidelity Investments for 12 years, and ONLY THEM except
for a checking account with NCNB which later became Bank of America. I
consider my duty as an American to not act like an idiot. I don't
smoke, i won't own stock in tobacco companies. I am gonna take 1/10th
of my net worth ($40K) and put it in Bear Stearns on Monday.
Some person yelled fire in a theater, I AM GOING TO STAND ON MY SEAT
AND SCREAM AT THE TOP OF MY LUNGS: THERE IS NO FIRE, STAY CALM.
EVERYONE STAY CALM. I guess it's easy for me to say because the first
$100K is protected right? If it isn't then I cannot say i would be so
brave. HOWEVER....if the first 100K is protected then i would like to
see 10,000 or 100,000 people put 40K or 50K or whatever into this
company.....JP Morgan wouldn't even have time to rifle through their
books.
IF ALL AMERICANS DID THIS ON MONDAY MORNING, THE PROBLEM WOULD BE
SOLVED BY LUNCH!!!! WHAT A MESSAGE, WHAT A SHOW OF UNITY........WHAT
AN EXAMPLE TO SET TO THE WORLD! Of course all of this big talk is
based on the idea that the first 100K of deposits are protected.
I am sickened at how some short-selling conman floated a rumor and
brought down this company.....GRANTED the rumor worked because of
their weakened status due to sub-prime mistakes.....
Comments?