Thursday, April 10, 2008

This made me see red

Ask JPMorgan's Dimon: Not Everyone Follows the Leader


So the people at Bear Stearns-- shareholders and employees alike-- want to fight against the takeover by JP Morgan. A bunch of lawyers stand ready to help them.

There is something wrong with this picture. How is it that a company can trigger a financial crisis through its folly, get saved by outsiders, and then, threaten to sue those who saved them (and us innocent bystanders)?

This is a recipe for disaster.

No comments: