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JP Morgan Chase

Bear Stearns' arrests may signal Wall Street crackdown

Two former Bear Stearns hedge fund managers were hauled into jail Thursday and charged with lying to investors about the collapse of the subprime mortgage market, perhaps signaling the start of a wave of ...

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Dave
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Judge it!
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#2
Jun 21, 2008
 

Judged:

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This case is all politics. Making the arrest on the same day as other mortgage fraud arrests is no accident. They are trying to say "see, we got the people responsible." But it's nothing like that. These guys are money managers for high net worth people. They ran funds that invested in mortgage securities. They didn't make loans, they didn't defraud any home buyers, they didn't talk anyone into a house that they couldn't afford. They were worried about the investments in their funds, but may have told their investors a rosier story in once instance. That's it.
Help US
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#3
Jun 21, 2008
 
Please help us Mr. Bush to pay for our mortgages. We were scammed. Have a heart Mr. Bush, please help us. We don't want to lose our homes. Isn't this the American Dream? To own a home? Didn't you say that you wanted so many more people to be homeowners while you are in office? Come on, please Mr. Bush help us. It's only money, right? And while you help us with our mortgages, can you please give us a gas card also? I can't seem to fill up my SUV and the kids, well I promised we would take them to Disney Land this summer. Please Mr. Bush, bail us out. The stimulus check you gave us, well it helped a bit, but please Mr. Bush, give us some more money. I promise to be good, and vote for for McCain. Please Mr. Bush, bail us out.
Jabber
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#4
Jun 21, 2008
 
Maybe we should have laws like China for businesses. When the company goes bad or screws up the CEOs and upper management FALL ON THE SWORD literally. We would then have the ultimate pay system: reward for increasing shareholders investments and if they goof up, they pay the price; not walk off with a big severance package.
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