Is this Bear-Stearns bail-out going to take out numerous other banks like a train wreck?

Question

Is this Bear-Stearns bail-out going to take out numerous other banks like a train wreck?

Answer 1

no...but it will certainly take out the value of our dollar....the Fed on Tuesday should be "interesting"...fasten your seat belts kids, it is going to be a bump ride

Answer 2

Just another reason to get rid of your dollars and buy euros.

Bad news all round though. Bankers pay themselves fortunes

and then cause this?

Bailing out banks that just aren't up to the mark creates a bad precedent. Let them fall!

Answer 3

this is the train wreck portion of the show. This will further devalue the dollar, which in turn will scare more people to abandon their money in the market. count on one thing, I am making money hand over fist on this . Do not pay attention to the men behind the curtain.