...without any authority. If Bailout didn't happen with guarantee of Fed, bonuses would not have been paid to BSC employees. Roger's was going nuts on Bloomberg at about 5:30 am. I can't say I blame him. Roger's also screamed 'get the hell out of the dollar.' I'm not sure sure he's right about that still, though. He's been right for a while, obviously. Whatever happened to Schwartz's statement on Wednesday that Bear had plenty of liquidity? I think that qualifies as a recipe for massive litigation against Schwartz and BSC.