Bernanke voicemail

Remember when JP Morgan bought Bear Stearns at $2 a share last week and everyone thought “wow, it must really stink to own Bear Stearns stock”? Well the shareholders agreed – it did really stink to own Bear Stearns stock. So they complained – and this morning the purchase price magically rose to $10 a share. That’s pretty cool. We wonder if they got their own cellphone and a later curfew too.
Now in order to make this work, the Federal Reserve ponied up $29 billion. Combine that with the two recent cuts to interest rates, and you’ve got a whole lot of bailing out going on. Fed Chairmen Benjamin Bernanke is doing everything he can to help the country out right now, but I think it’s starting to go a little far. I understand that private citizens have started to reach out to Bernanke directly. We at Fair Game have gotten access to his private voicemail account, and you gotta listen to this, it’s getting out of control.