http://www.openmarket.org/2008/03/21/stop-the-bear-stearns-boondoggle-fed-favors-creditors-over-shareholders/ The Competitive Enterprise Institute Blog Sun, 12 Oct 2008 08:47:42 +0000 http://wordpress.org/?v=2.6.2 http://www.openmarket.org/2008/03/21/stop-the-bear-stearns-boondoggle-fed-favors-creditors-over-shareholders/#comment-59563 Russian Visa Sat, 09 Aug 2008 09:24:35 +0000 http://www.openmarket.org/2008/03/21/stop-the-bear-stearns-boondoggle-fed-favors-creditors-over-shareholders/#comment-59563 Your article is much more informatics for all of the visitor or tourist.I am very happy to read it. This is really very nice. Thank you for it. :lol: Your article is much more informatics for all of the visitor or tourist.I am very happy to read it. This is really very nice. Thank you for it.

]]> http://www.openmarket.org/2008/03/21/stop-the-bear-stearns-boondoggle-fed-favors-creditors-over-shareholders/#comment-46903 Allan Sun, 23 Mar 2008 05:35:36 +0000 http://www.openmarket.org/2008/03/21/stop-the-bear-stearns-boondoggle-fed-favors-creditors-over-shareholders/#comment-46903 John, great post with good points. At the very least, the Fed could have run an auction of Bear Stearns among strong financial institutions with the same type of capacity as JPMorgan. The winner would emerge with the same $30 billion backing (if that's ultimately what it would take to motivate buyers), but the eventual purchase price would probably have been higher than $2. That would have made the employees (a large shareholder contingent) and external shareholders of Bear a bit more whole. What do you think? John, great post with good points. At the very least, the Fed could have run an auction of Bear Stearns among strong financial institutions with the same type of capacity as JPMorgan. The winner would emerge with the same $30 billion backing (if that’s ultimately what it would take to motivate buyers), but the eventual purchase price would probably have been higher than $2. That would have made the employees (a large shareholder contingent) and external shareholders of Bear a bit more whole. What do you think?

]]>