SEC Investigating Potential Stock Manipulation in BSC

Discussion in 'Wall St. News' started by flipflopper, Mar 18, 2008.

  1. Hopefully whoever was involved goes to jail.

    I like justice.

    WASHINGTON - The Federal Reserve announced today they are subject to a formal SEC investigation of their role in brokering the J. P. Morgan buyout of Bear Sterns, and if the $2 acqusition price had been manipulated. Fed spokesman and chairman Ben Bernanke issued a stern statement to the SEC asking them to "back off" or "face the consequnces." The stock market finished up 420 points with Bear Sterns leading the rally up an astounding 300%.