HowardIt's all over now, Baby Bear
Real Crash- Looking at the Financial System and the War Drive:
My Baby Blue and Baby Bear
The Feds came and took you right away,
They didn't give you time to have a say;
Was that OK;
It's a crash, the cannibal's here
(My Baby Blue- by some group that sounded like the Beatles,, spoof- Badfinger?)
Yes, it is coming out in the financial press, that Bear Stearns did not collapse. It was collapsed. There was a willful decision by the British oligarchy in London, and their junior partners in New York to tell the Federal Reserve to pull the plug. On Friday evening, of March 14th, the Fed called Bear, and told them the special lending facility was being shut OFF for Bear. Bear also could not be sold to anyone else, and could not be allowed, it seems to take the time to be sold to anyone else. That is what immediately killed the so-called JC Flowers deal to takeover Bear. No, Bear was given to Morgan Chase, and paid for in $29 billion in guarantees for bad loans, by the Federal Reserve. That's all folks.
