I’m seeing that in a new light. It was so suspicious why the March 14 date was chosen. Why not January 1, or June 1 or day of the bill signing?
The bill is crafted for Paulson to help Bear Stearns to the exclusion of others. What else could it be, did they pull the date “March 14” out of a hat?
Because Bear management went to the SEC on the night of 3/13 and told them that they couldn’t open the next morning.
Before calling, the President of Bear called JPM’s CEO and asked JPM to buy Bear. It’s a famous story, told by the WSJ.