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Bear Stearn Deal Legal?

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April 03, 2008 – Comments (3)

Mish does a very good job of putting pieces together.  He has one that ends with questioning the legality of bailing out Bear Stearn.  I've seen other references that say the fed used a clause that hasn't been used since the depression, but Hussman gives reasons why it isn't legal.

I hope for taxpayer's sake it is a legal battle that gets fought. 

3 Comments – Post Your Own

#1) On April 03, 2008 at 7:50 AM, abitare (49.76) wrote:

Mish is a financial genius. It is amazing the amount of information he posts on his blog.

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#2) On April 03, 2008 at 8:20 AM, abitare (49.76) wrote:

FYI - I created another pretend account on updown.com

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#3) On April 03, 2008 at 9:19 AM, Gemini846 (46.06) wrote:

Either way the court wranglings will cost the taxpayer MORE money.

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