> Wednesday - On a CNBC Interview, Bear Sterns CEO Alan Schwartz says he
> is not aware of any imminent threat to the banks liquidity, and is not
> sure where the rumor started.

> Wednesday Night - Supposedly this is when Chase and the Fed were
> approached about Bear Sterns liquidity issues.

> Thursday - Stock opens down from about $61 to $58.

> Friday - Stock tanks from $57 to $30

> Weekend - Deal with Chase is made public purchasing Bear Stearns at $2/
> share.  It looks like this was organized by Henry Paulson (Secretary
> of the Treasury - former CEO of Goldman Sachs).  Shares tank further
> from $30 to $2.

> Several things need to be investigated here -

> 1.) The comment by Alan Schwartz on CNBC.  It was clearly an outright
> lie what he said.  He obviously knew there was an issue at that time.

> 2.) Obviously on Friday the "insiders" knew something was happened as
> volume flooded onto the market.

> 3.) The timing of the Chase deal is very fishy.  It was finalized on a
> weekend when 99.9% of traders don't have the ability to trade shares.
> So basically by the time the market opens on Monday, every shareholder
> is screwed.

> 4.) How a company can go from $80+ in book value per share, to $0 in 2
> days needs to be investigated.

> 5.) It is slightly odd that a Henry Paulson, former Goldman Sachs CEO,
> seemed to play an integral role in this.  If any company is helped by
> the shutdown of Bear Sterns it will be Goldman Sachs.

> 6.) Why is Chase getting a sweetheart dealing getting Bear Sterns for
> $2/share, yet not taking any risk on liabilities?  They get Bear
> Sterns assets, but the Fed is taking all the risk if the collateral
> fails.