One Year since Bear Sterns downfall but no indictments

http://www.investorvillage.com/smbd.asp?mb=3532&mn=33302&pt=msg&mid=6892335 ^

[Orange1998]

I came across this video about the downfall of Bear Sterns. It may need a little work but he seems to be on the right trail. At the end he mentions micheal moore (grrrrr) will be doing a movie about the downfall of Bear Sterns.

http://www.investorvillage.com/smbd.asp?mb=3532&mn=33302&pt=msg&mid=6892335

[2ndDivisionVet]

Trials of the malefactors would bring out how deep people like Senator Chris Dodd, Congressman Barney Frank and others were in this mess. That will not be allowed!

[Orange1998]

What is bothersome its been a year and no one held accountable. This pales in comparison with Martha Stewart when you consider her punishment.

[Vaduz]

mafia members never rat out anyone.

[Toddsterpatriot]

One Year since Bear Sterns downfall but no indictments

What was the crime?

[Orange1998]

If the SEC does not fully investigate we will never know. The CEO of a 100+ yr old company states they are well capitalized and 10 days later they go bust deserves full investigation.

[jiggyboy]

In the spirit of the thread, here’s video — also exactly one year old — showing how Jim Cramer erased his week-old Bear Stearns “STRONG BUY” recommendation from his website the day after Bear Stearns collapsed.

http://www.youtube.com/watch?v=772PXNSrSiI#

[Orange1998]

Typical Toddsterpatriot mode of engagement. Lets start with the post.

One Year since Bear Sterns downfall but no indictments

"What was the crime"

Did I say anything about a crime. No indictment could imply nothing to see here.

[Toddsterpatriot]

The video claims naked short selling was legal. That is not true. And they mention stock was sold and not delivered that day. Stock when sold doesn't have to be delivered for 3 business days.

They also say $29 billion in taxpayer dollars were used to guarantee the purchase of Bear Stearns. No taxpayer dollars were used.

[Orange1998]

Sterns=Stearns typo.

[Orange1998]

The videos claims Naked short selling illegal. And said short selling is legal.

I understand the FED extended a loan that JP Morgan backed with complex securities of questionable value. Its too early to tell the outcome of the deal but if the FED lose money it will offset any profits which means the taxpayer will take a loss on the arraignment.

[jiggyboy]

no feeding the trolls please

[Orange1998]

He and Moonman62 argue to no end that no company has EVER been bailout by the US Government.

[Toddsterpatriot]

Did I say anything about a crime. No indictment could imply nothing to see here.

People often mention indictments when they think there was no crime. LOL!

[Toddsterpatriot]

If the SEC does not fully investigate we will never know.

They should investigate. I'll bet the Bear Stearns options specialist who sold those puts wants to know who bought them. I'd like to know too.

The CEO of a 100+ yr old company states they are well capitalized

Bank runs tend to reduce your capital.

[Toddsterpatriot]

Really? LOL!

[Moonman62]

Thanks for inviting me to see you get slapped around.

[Toddsterpatriot]

The videos claims Naked short selling illegal.

The video said, at about 4:20 that until recently, naked short selling was permitted.

I understand the FED extended a loan

So you understand that the Fed doesn't loan taxpayer funds.