I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco.
How do you know? Just because the same federal reserve the created the problems tells you. And at the same time they are telling you this they are asking for more power to fix the mess. I thought the fed was created for stability? Is that what we have now?
I got news for you the economy is screwed regardless if Bear Sterns went BK or not. Is Bear Sterns going to lower gas prices, fix the deficit, pump all the money back into the economy that is missing from mortgage equity withdraws, bring manufacturing jobs back?
