Sob pressão

excelente artigo de Gary Kaltbaum .

"In the past week, the FED added ANOTHER $200 billion to the system... letting flagging financial companies literally trade crap for treasuries.
In the past week, rumors abounded about Bear Stearns, meanwhile its stock continued to crater.
In the past week, the chairman of the SEC, Chris Cox, amazingly told reporters that Bear Stearns' liquidity was just fine. I whined that Chris Cox, the head regulator, should not be acting as a lawyer for a company the SEC regulated.

In the past week, the CEO of Bear Stearns, in an interview, stated liquidity was fine.

This morning, we are now finding out Bear Stearns indeed does have a liquidity problem as JPMorgan Chase (JPM news PowerRating PR Charts ) and the FEDERAL RESERVE BANK of NEW YORK have moved to provide financing to Bear Stearns (BSC news PowerRating PR Charts ). It is obvious to me that the FED's move was for Bear Stearns and it is obvious to me that Chris Cox and the CEO of Bear Stearns may have, on purpose, sent suspect news into the market.

(...)

I have been writing incessantly for over a year of the lack of full and fair disclosure on Wall Street. I have been writing about how the securities industry is based on trust. Where can there be trust when it seems the top regulator may have been part of this clear lack of disclosure? At this point, I couldn't care less if the market goes up or down. I am worried about who is in charge. The inmates are running the asylum."