http://www.minyanville.com/businessmarkets/articles/geithner-dimon-jpmorgan-economy-treasury-fed/2/16/2010/id/26880
The financial industry has turned into some sick sort of make your own rules up Monopoly,where anything goes.
There is no question any more that they knew what they were doing.
The only question that remains is why haven't arrests been made?
Inquiring minds are reading the Financial Times article -- Fed carries losses from Bear Stearns portfolio -- to spot lies made by Treasury Secretary Tim Geithner (then president of the New York Fed) and Jamie Dimon, current CEO of JPMorgan Chase (JPM).
The US Federal Reserve is sitting on significant paper losses on the real estate assets it acquired in the Bear Stearns rescue, with much of the red ink coming from debt used to back some of the most high-profile buy-out deals of the bubble years.
