tag:blogger.com,1999:blog-3782644139927778760.post-30347865863239465492008-03-25T12:05:00.000-04:002008-03-25T12:05:00.000-04:002008-03-25T12:05:00.000-04:00I have sympathy for BSC ( no shorts or longs in the stock ) shareholders because of the way the discount window was opened for primary dealers just after their sale, under threat of imminent bankruptcy, to JPM was done, under the auspices of the Fed and Treasury. <BR/><BR/>I know some say that it was to prevent problems to other primary dealers, problems caused to them BY BSC's problems - but if the window had been open to BSC maybe BSC's problem would have liquidated away and there would have been no problems for other primary dealers.<BR/><BR/>Its all speculation - but to me it looks like they wanted to make an example of BSC - and THEN put, what they see as a fix to the liquidity of primary dealers, in place.<BR/><BR/>Its playing favorites IMO - so much for wanting to protecting the system. <BR/>-Kskhttp://www.blogger.com/profile/05744393408613566528noreply@blogger.com