Sept. 11, 2007 (LPAC)--The Financial Crimes reports today that "secretive billionaire" Joseph Lewis has bought up Bear Sterns stocks, a real heap of BS. If the hedge funds can't bail out BS, call in the gambling mafia! Jo Lewis is a former broker who left Britain for the Bahamas in 1979 in order to avoid paying taxes, and has built his fortune through an English gambling and soccer operation called Enic.
However, "investors" are disappointed because Lewis is no replacement for "an institution that could also help them in borrowing money and shoring up their balance sheet and dealing with write-off" says Dick Bove, analyst at Punk Ziegel. Too bad for the investors then, because they will be really disappointed when LaRouche's Homeowner and Bank Protection Act passes.