Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas semper luctus scelerisque. Aenean eget egestas tellus. Nam sollicitudin tortor sed nisl vulputate vehicula. Etiam porttitor erat ac eros rhoncus et tempor tellus luctus. Duis ut tellus non mi dapibus hendrerit a id quam. Pellentesque molestie aliquam diam, in vestibulum turpis varius eu. Nulla condimentum mauris nec dolor venenatis sit amet ullamcorper leo iaculis. In fermentum enim id massa euismod in egestas tortor volutpat. Nam consectetur, mi id blandit auctor, ante est ultricies velit, non aliquet leo nisi vel ligula. Vestibulum a nulla nulla, eget posuere augue. Ut condimentum semper semper. In at dolor magna. Nam tincidunt fringilla purus sit amet congue. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proin facilisis tortor ut metus mattis vulputate malesuada lectus rhoncus. Integer nisi mauris, facilisis id sodales sit amet, congue sit amet ipsum. Ut laoreet, lectus aliquet hendrerit tempor, lorem ante ullamcorper quam, vel dictum diam nisl a purus. Morbi hendrerit auctor magna eget porttitor.

Aliquam erat volutpat. Nunc dictum pretium sapien et volutpat. Duis eu posuere ipsum. Aliquam at felis augue, et dictum velit. Duis adipiscing sagittis condimentum. Duis sagittis, purus eget mollis tincidunt, mauris urna sodales est, in semper turpis elit non metus. Aenean lorem turpis, ornare in iaculis eget, convallis vitae nisi. Suspendisse venenatis sapien ac massa porttitor sed bibendum turpis laoreet. Pellentesque felis lacus, ultricies vel feugiat non, sollicitudin sed est. Aenean commodo tincidunt eros, vitae euismod nulla vestibulum quis.

Duis condimentum feugiat odio, eget vehicula sem ultrices in. Duis iaculis magna et mi semper egestas. Praesent commodo neque ut ipsum feugiat vel egestas enim venenatis. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec scelerisque diam in neque auctor pharetra. Suspendisse facilisis quam in nunc aliquet id tincidunt elit malesuada. Suspendisse potenti. Proin ipsum enim, egestas in dignissim id, tempus et purus. Nunc vel faucibus sapien. Pellentesque et leo purus. Proin ultrices leo a lectus scelerisque eget vehicula dui imperdiet. Nunc vitae magna augue, at eleifend tortor. Aliquam nisi risus, hendrerit nec lobortis id, fermentum ac eros. Etiam a erat sit amet arcu vulputate consequat. Praesent posuere fringilla rutrum. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae;

Vestibulum ac mollis urna. Phasellus ultrices, odio ut porttitor mattis, mi arcu fringilla ipsum, vel tempor erat sapien at tortor. Cras eget rhoncus justo. Nullam ante felis, tempor eget condimentum vitae, pretium eget metus. Aliquam erat volutpat. Vivamus interdum eleifend lorem, in malesuada neque ultrices a. Cras non lacus sed lacus eleifend gravida eget nec mi. Ut condimentum lacus eu mauris semper id pharetra justo lobortis. Sed convallis turpis id felis mollis quis sodales sem eleifend. Morbi rhoncus dolor sit amet enim rhoncus et porttitor felis dictum. Suspendisse gravida venenatis odio ut dapibus. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Suspendisse ante nibh, egestas vitae commodo non, sollicitudin at tellus. In hac habitasse platea dictumst. Integer odio felis, tempor sed condimentum sit amet, varius vel purus.

Vestibulum neque nulla, ultrices a rutrum ut, tincidunt quis leo. Vestibulum nibh est, bibendum ac posuere a, volutpat sed libero. In volutpat ante sit amet libero iaculis convallis. Vivamus erat elit, tristique facilisis lobortis id, aliquet ut sem. Etiam sed ipsum vel erat aliquet porttitor et id justo. Aliquam viverra lacus eu est elementum ultrices a sit amet sapien. Fusce iaculis nibh ut ligula vehicula at venenatis mi tristique. Pellentesque malesuada est et elit dictum sit amet ultrices ante vestibulum. Nullam eget placerat arcu. Maecenas in erat in turpis pharetra venenatis. Vestibulum pellentesque, tellus sed condimentum ultricies, sem risus pharetra eros, quis iaculis erat est id orci. Donec imperdiet nibh ut neque ornare laoreet. Mauris vel feugiat augue.

Etiam quis luctus mauris. Aliquam vestibulum accumsan ante, nec viverra enim tempor et. Suspendisse rutrum, mauris et varius tempus, leo velit varius sem, et laoreet augue mauris nec nulla. Aliquam tempor tincidunt nibh at pharetra. Morbi tincidunt dui vel ligula blandit vitae dapibus leo sollicitudin. Curabitur sit amet diam in nibh tristique gravida. Nunc pulvinar odio at justo porta vel scelerisque enim dapibus. Vestibulum tincidunt convallis quam, vel rutrum diam pulvinar sed. Ut ipsum dui, sodales at mollis eget, congue nec turpis. Sed sed lacus urna. Nunc ac justo eget felis scelerisque vestibulum. Praesent vehicula ipsum sed tellus pretium pharetra. Suspendisse egestas vestibulum placerat.

Sed ac aliquet ligula. Phasellus nec sem ut sem tristique pulvinar. In luctus posuere porttitor. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Curabitur quis elit at erat suscipit vulputate ac eget dui. Nulla facilisi. Donec ut tellus augue. Ut at purus odio. Fusce venenatis ullamcorper nulla a congue. In imperdiet est a nulla fermentum consequat. Curabitur lobortis, urna eu mattis vehicula, lorem urna dictum lectus, id malesuada leo dolor non ante. Donec sit amet sem facilisis nulla suscipit tincidunt. Aliquam quis consequat enim. Phasellus mauris neque, laoreet in vulputate eu, interdum non metus. Donec vitae porta eros. Integer euismod, ligula ut cursus ullamcorper, elit metus malesuada justo, id faucibus dui nisi id lacus. In ultricies tortor et ipsum venenatis nec rutrum lorem feugiat. Aenean ac massa ac ligula ultrices vehicula. Phasellus pulvinar, elit id gravida facilisis, ipsum est feugiat metus, sit amet elementum quam odio id nulla.

Aliquam sed lacus id neque condimentum eleifend in vel est. Sed pulvinar, enim eu ornare interdum, sapien metus rutrum lorem, id commodo lectus libero vitae nisi. Vestibulum et quam mauris. Suspendisse vel mi justo, sed congue quam. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Fusce tincidunt, felis non feugiat molestie, sapien leo laoreet mi, tincidunt fermentum elit odio volutpat ante. Maecenas malesuada faucibus quam, ut posuere lorem commodo sed. Quisque imperdiet purus ut nibh commodo at eleifend augue ornare. Fusce massa mi, congue eget venenatis ut, egestas a enim. Nulla pellentesque semper semper. Phasellus suscipit ornare vestibulum. Nam lectus sapien, imperdiet at ullamcorper et, ultrices quis mauris. Sed convallis sem imperdiet nisi commodo vitae volutpat orci viverra. Mauris ullamcorper congue tempor. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Suspendisse potenti. Nullam fermentum hendrerit commodo.

Fusce consequat magna ut augue tristique eu rhoncus ante aliquam. Quisque in volutpat lectus. Donec tempor, orci sit amet tincidunt dictum, mauris est scelerisque ante, egestas ultrices velit risus nec turpis. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Phasellus et leo a purus ultrices elementum. Ut ut turpis orci, a semper risus. Pellentesque vel turpis ipsum, rhoncus iaculis leo. Nullam et lacus vitae nibh convallis auctor. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. In at ante leo. Sed eget mauris a ligula hendrerit sodales tristique eu odio. Integer sit amet est quis eros rutrum euismod eu ac eros. Nam in porta orci. Proin quis ligula at leo malesuada auctor non eget dui. Donec consectetur tempus velit, eu mollis sem rutrum bibendum. Sed egestas orci et enim convallis quis posuere arcu vestibulum. Phasellus cursus volutpat justo id luctus. Curabitur in neque leo. Sed semper, felis et feugiat faucibus, magna arcu congue mi, ut accumsan nisi ante et arcu. Mauris ut diam quam.

Nulla nec nisl felis. Nullam non augue velit, eu elementum ligula. Maecenas quis dolor nulla. Duis et ligula vitae ipsum sodales rutrum at nec leo. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Phasellus tempor quam ac sem blandit interdum. Phasellus euismod vulputate volutpat. Mauris et lacus id metus pharetra ullamcorper. Curabitur mollis fermentum aliquet. Etiam quam nunc, imperdiet et mattis ut, gravida in lorem. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Suspendisse sollicitudin urna non elit dapibus rutrum. Nulla ac consectetur ipsum. Etiam vestibulum auctor augue, sed sodales nisi tincidunt id. Donec ac metus urna. In ut ipsum in nunc lacinia pellentesque. Sed ac mi lobortis erat venenatis sodales et quis mi. Phasellus vel mi dui.

Nulla facilisi. Aenean rutrum cursus orci, vel semper quam iaculis vitae. Pellentesque nec nibh nec velit placerat vehicula. Vivamus metus lectus, imperdiet a dictum ut, ultrices sed sem. Praesent cursus feugiat augue non consequat. Aenean at erat vel ligula aliquet vestibulum id eu nibh. Sed mollis ornare neque accumsan tincidunt. Morbi tristique, eros vitae suscipit gravida, mauris leo feugiat neque, aliquet porttitor mauris turpis eu turpis. Cras eget eros at tellus vehicula mollis. Mauris adipiscing lectus eget metus condimentum condimentum. Sed lobortis elementum libero quis pellentesque. Cras viverra, augue id pharetra faucibus, neque augue lobortis massa, vel ultrices odio sem vitae velit. Praesent ut rutrum justo.

Ut tincidunt nulla quis diam laoreet sed elementum ligula tristique. Etiam sed quam lectus. Quisque nec lorem tortor, id aliquet diam. Ut eu aliquet elit. Duis rutrum metus eget metus aliquam ac facilisis dolor iaculis. Curabitur et nunc massa. Vivamus ac vulputate eros. Ut a magna nulla, id volutpat lectus. Cras turpis massa, facilisis non posuere at, facilisis vel nisi. Sed venenatis luctus erat et euismod. Sed tincidunt, odio eu porttitor vestibulum, ipsum ligula pellentesque risus, sed condimentum nisl arcu a est. Etiam lacus neque, placerat in imperdiet ut, tincidunt commodo tortor. Praesent vehicula dictum molestie. Quisque mattis, nisl et viverra feugiat, massa ante tincidunt turpis, id lacinia elit neque ac enim. Sed vitae felis quam, quis pharetra urna.

Maecenas sollicitudin mauris vel leo varius imperdiet. Nunc turpis lorem, tincidunt sed pharetra ac, luctus ut lorem. Ut dignissim nisl et massa laoreet vel hendrerit sapien sollicitudin. Donec velit orci, tristique eget mattis vel, varius in mi. Etiam urna ipsum, molestie eu tempus eget, mollis ut felis. Etiam lorem enim, cursus aliquet molestie in, tincidunt vel sem. In hac habitasse platea dictumst. Donec id nulla ut dolor tincidunt tincidunt nec quis mauris. Integer eleifend malesuada ligula a fringilla. Donec metus lectus, viverra sodales commodo vitae, accumsan vel dui. Curabitur aliquam quam euismod felis dignissim aliquam. Nam ipsum mauris, fringilla at iaculis pellentesque, bibendum at quam. Suspendisse consectetur molestie ipsum, in iaculis neque vestibulum nec. Integer a purus arcu, nec convallis velit.

Vestibulum placerat molestie est, vel hendrerit nibh tempor quis. Nam tempor odio nec felis hendrerit in adipiscing nunc faucibus. Nulla facilisi. Maecenas nec fermentum erat. Curabitur odio enim, blandit in ultricies vel, vulputate quis augue. Suspendisse quis urna vitae odio vehicula vehicula. Mauris a orci diam, ut bibendum lorem. Vivamus sagittis convallis euismod. Aliquam erat volutpat. Quisque porta gravida dui, non vulputate nunc pulvinar sed. Donec eget consequat lorem. Nullam rhoncus leo pretium felis tempus hendrerit. Nunc nisl augue, accumsan sed mollis feugiat, consectetur sit amet mi.

Phasellus non enim enim, aliquet pretium mauris. Vestibulum eleifend facilisis tortor eget vehicula. Nullam tempor ipsum vulputate augue tempus id luctus dolor porttitor. Suspendisse felis leo, varius eget euismod eu, tincidunt id ante. Quisque malesuada laoreet luctus. Integer faucibus, nisl eget sagittis ornare, odio elit pellentesque odio, vel molestie tortor nulla non ligula. Cras lacinia fringilla bibendum. Nulla vel tortor nec diam commodo mollis eget hendrerit tellus. Praesent mi mi, faucibus vitae tempus quis, porttitor vitae nisl. Cras sit amet velit sapien, egestas cursus augue.

Vestibulum tristique consequat lorem in consectetur. Etiam scelerisque velit at lorem cursus sagittis. Cras leo nunc, pretium id egestas non, gravida vitae elit. Nam arcu quam, feugiat at fermentum nec, lobortis vel nisl. Aliquam a cursus neque. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Duis elementum semper turpis gravida egestas. Vivamus erat odio, porta rutrum euismod vel, gravida sit amet urna. Sed sed dui in turpis adipiscing scelerisque. Pellentesque porttitor tincidunt malesuada. Phasellus facilisis dapibus neque, quis fermentum tortor porta ut. Nullam sagittis vehicula diam, vel iaculis lectus ultrices et. Ut et enim nisi. Quisque varius bibendum nisl, sit amet tincidunt metus placerat ac. Vivamus pharetra mi scelerisque nisl vestibulum eu imperdiet turpis sagittis. Praesent id dignissim leo.

Donec gravida aliquam posuere. Vestibulum rhoncus interdum purus eu laoreet. Maecenas molestie, quam eget luctus tristique, risus nunc lacinia nunc, ut euismod tellus lorem vitae eros. Suspendisse aliquet nisl ac tellus condimentum sollicitudin. Aliquam lobortis lobortis libero, ultrices gravida orci tincidunt eget. Nam malesuada sapien id urna vehicula pulvinar. Nunc at nisi in lacus adipiscing tempor nec ac nisl. Curabitur eget lorem sapien. Aliquam viverra ipsum quis nunc placerat porttitor. Vivamus tellus purus, rhoncus ac hendrerit a, sodales sit amet purus. Ut est augue, dictum et varius a, sagittis sed odio. Donec id purus odio. Cras venenatis luctus porta.

Ut dapibus purus ornare turpis interdum gravida. Etiam vestibulum est vitae elit gravida feugiat ac vitae magna. Sed pulvinar consequat erat ut mollis. Mauris molestie venenatis tortor, quis bibendum nibh commodo quis. Praesent ligula dui, molestie eu lobortis at, lacinia quis felis. Nullam feugiat ornare augue et fermentum. Fusce vulputate orci tincidunt ante porta sed auctor est dictum. Sed eu nibh in leo tristique feugiat. Proin scelerisque metus interdum nulla ultrices ultricies. Maecenas turpis arcu, egestas ac auctor id, pulvinar ac metus. Fusce quis odio et tortor dignissim pellentesque vel ac tortor. Phasellus adipiscing arcu sollicitudin ipsum facilisis dictum luctus velit bibendum. Praesent eget molestie metus. Maecenas lacinia augue ut turpis egestas placerat. Donec tempor iaculis lorem vitae vehicula. Donec ornare erat eget libero vestibulum euismod. Etiam auctor bibendum metus, lobortis volutpat felis convallis in. Ut ut dui diam. Donec congue tellus non orci tincidunt vel tempor nunc varius. Nunc tellus sapien, ultrices sed egestas vel, dapibus in urna.

Nunc rutrum, dui ac commodo aliquam, risus orci iaculis tortor, dictum lacinia elit orci non mauris. Fusce suscipit vestibulum placerat. Etiam sollicitudin, nibh quis pretium mollis, odio ante feugiat nunc, eget rutrum urna enim at risus. Sed varius dignissim libero quis vehicula. Nullam neque mauris, commodo eu facilisis nec, pellentesque et purus. Cras ipsum sem, interdum eu fringilla sed, sollicitudin nec augue. Mauris odio massa, porttitor egestas imperdiet id, pretium vitae ligula. Aliquam faucibus tellus nec neque vulputate eu dictum diam vestibulum. Suspendisse facilisis mauris sit amet nunc porta convallis. Nullam ut bibendum augue. Vestibulum pellentesque consectetur leo, vel pulvinar sem eleifend vel. Cras ornare nisi at ligula vehicula eu pellentesque massa porta.

Nam accumsan ipsum at elit pretium in sagittis velit ullamcorper. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Duis facilisis lacinia tristique. Sed feugiat semper suscipit. Suspendisse pretium eros at velit cursus egestas. Ut auctor fringilla ante et iaculis. Vivamus et imperdiet mauris. Quisque ut dapibus mauris. Nulla tincidunt lectus ac elit adipiscing convallis. Donec malesuada, quam sit amet congue vulputate, nisi est rutrum purus, non cursus nibh sapien sed tellus. In congue egestas diam, eu ultrices leo faucibus a. Vestibulum neque massa, fringilla sit amet rutrum eu, rutrum at tortor. Aenean convallis arcu vitae arcu suscipit adipiscing. Nunc rhoncus, leo vitae commodo condimentum, arcu turpis commodo sem, vel viverra purus nibh eu justo.

e02162b0c7dcb31678a5…

Payday advance loan utah. Why can t i get a payday loan. Payday loan. Payday loan stores. Online payday loan. I need a payday loan immediately….

My eyes glazed over at “market capitalization”.

Seriously, though. How does one buy up a company on Monday for $236M when that company was valued at $3.5B at the close of trading on Friday? Does Bear Stearns hold that much bad debt?

flipflop on March 17, 2008 at 7:55 AM

$3.5B market cap is nothing compared to $30B in debt. They should have gone bankrupt. Instead, we are left footing the bill.

Wake up, Neo…

JP Morgan, LOL! There is no JP Morgan. It was acquired by long time enemy and competitor Chase Manhattan in who was then later acquired by Bank One, who then acquires Bear. It’s call from Chemical Bank.

Egfrow on March 17, 2008 at 3:40 PM

This doesn’t sound funny to me. Why was a fraudulent name used? Who benefits from calling it “JP Morgan” instead of what it really is?

I don’t know the answers to those questions, but my guess is that to the average Joe “JP Morgan” sounds official, whereas the average Joe would say, “Chemical, what’s Chemical?” I feel confident that the Federal Reserve didn’t want people asking that question, or any other question about the $30 Billion bill they just stuck us with.

Follow the money. Find out the truth about what just happened. Who wins? Who loses? Why is it set up that way? Why is the President of the United States “briefed” on this instead of being the decision-maker?

Those who control the money control the real power. Compare the power of the President of the United States to the power of the Chairman of the Federal Reserve System. How much power does the President have over the economy?
How much power does the Chairman of the Federal Reserve System have over the economy?

When the President speaks, do the financial markets respond?
When the Chairman of the Federal Reserve System speaks, do the financial markets respond?

Who really has the power, and why?

The Federal Reserve Act is unconstitutional. It unconstitutionally hands American sovereignty over to another organization.

Wake up, Neo…

This is a monumentally important story that affects the life of every American. It would have been better for us if Bear Sterns had gone bankrupt! That would have meant that their creditors would have lost their money. Instead, the Federal Reserve Board, which operates independently of our “sovereign” nation’s executive branch, has decided that the creditors should get their money and the American taxpayers should be responsible for paying the bill…up to $30 billion. This decision was not made by the President of the United States. It was made by the Chairman of the Federal Reserve, who then had the Treasury Secretary “brief” the President. President Bush was deceived into thinking that it was a good thing that the Federal Reserve “rescued” Bear Sterns from bankruptcy and he had his press secretary say how much he appreciates them doing so.

It would be comical if it weren’t for the fact that we just got hit with a $30 billion debt to pay, so that the international bankers behind the Federal Reserve don’t lose their money.

Unbelievable…

And it got less than 24 hours of news attention.

Wake up, Neo…

The reason cited was the expense involved in clearing the balance sheet of bad debts, perhaps a few billion. If you factor in the assumption of bad debt, the price jumps from 236 million to maybe 5-8 billion.
cs89 on March 17, 2008 at 1:25 PM

The market likes the deal that JPM got. They’ve added about $10B in market cap since Friday. So some of the BSC market cap disappeared and some went into the pockets of Jamie Dimon’s shareholders.

Of course, the fed is backing up the process in some (expensive) ways as well.

I’m a skeptic of the Fed and the specialist firms like Bear Stearns. As private corporations, they really only have to disclose what the law requires them to disclose. As private corporations, they are infinitely bestowed with the option to protect their secrets. Does this mean they can protect what foreign interests may control them?

I think home prices will fall enough for us to produce about 20 million people with negative equity. That’s almost a quarter of U.S. homes. We’re probably heading for $6 trillion or $7 trillion in capital losses in housing.

MB4 on March 17, 2008 at 11:44 AM

Good points. In the short term the question is how much of that loss of wealth and consumer spending have the equity markets already discounted for? Longer term, what will be the full impact of that level of decline? Certainly the speculators will be clobbered, moreso in some geographic areas than others. Municipalities in the worst areas will have budget shortfalls. Most people who can afford their mortgage payments will be able to ride the market out for another 5 years. Boomers who were looking to retire based on the forever escalating value of their home may have to postpone that retirement.

Speaking of leverage, I’m still fuzzy on the involvement of the Psychlos, which is why I’ve submitted FOIA requests of every governmental agency in existence. I’ll get to the bottom of this!

Where does the Illuminati fit in…..?

JohnTant on March 17, 2008 at 11:54 AM

I assume you are mocking. Correct?

My preferred metric is the ratio of home prices to rental rates. By that measure, average home prices nationally got way too high. We’ll probably basically retrace all that. So that’s about a 25% decline in overall home prices. Only a fraction of that’s happened so far. Of course, it varies a lot. In places like Houston or Atlanta, where home prices have not risen much compared with underlying rents, the decline will be relatively small. In places like Miami or Los Angeles, you could be looking at 40% or 50% declines.
- Paul Krugman

Trilateral Commission
Red Pill on March 17, 2008 at 11:26 AM

Other founding members included Alan Greenspan and Paul Volcker, both eventually heads of the Federal Reserve system.

Well that and falling dollar, rising inflation, rising oil and much of Wall Street being revealed as a highly leveraged House of Cards.

= Fear.

As those issues subside, and gold positions are re-evaluated, the sell-off will deflate the bubble. Many investors understand that they may lose money in the long run with gold, but believe they still need to have some money in it for insurance against financial armaggedon. But as with any bubble, there’s no denying gold is gaining in value in the short term, but that is meaningless unless you time your sale at or near it’s peak.

Housing prices will take years to bottom, having started down two years ago in many places. Gold can drop in weeks or days back to $800 or less. Time it well.

Red Pill on March 17, 2008 at 11:26 AM

Thanks, now I see where you are coming from even though I may not agree, your argument makes more sense.

They are not “strong” they are broke. If the majority of America understood this we would have a run on all banks and the final nail in the coffin would be closed.

unseen on March 17, 2008 at 10:10 AM

Well the one “saving grace” there is that most Americans Debtmericans don’t have much, if any, money in the banks. Credit Card debt, mortgage debt, car payment debt, well now, that is another matter.

Any link, book, or other data point you can reference would be appreciated. I checked the link you provided and must have missed the part that supports your claim.

DCA on March 17, 2008 at 11:20 AM

Trilateral Commission

fredaa on March 17, 2008 at 10:54 AM

Bingo.