I’ve been thinking about taking my business to the “next level”, like all the gurus preach. Here’s my idea. I’m thinking about buying Bear Stearns from JP Morgan for $2.50 per share in stock . They would receive an immediate 25% profit and I would take my business to the next level. Now, I know what you’re thinking, I’m just a little peon in the rental property business and I don’t have enough money to buy Bear Stearns. WRONG! I don’t need any money! Why? Because the Fed would surely guarantee that I can’t lose money on the deal (just like they did for JP Morgan). Any bank would be happy to loan me a couple of hundred million dollars when there is absolutely no risk. If I screw it up (I don’t know the first thing about investment banks), the Fed will pony out $30 billion of funny money to bail me out. If I get lucky (even a blind squirrel gets a nut once in a while), I’ll be wildly rich and won’t need a bailout. Either way, I can’t lose!!!
So, what do you think? Deal or No Deal?