for those that dont bother to learn from history.....jp morgan, in concert with others tried to bail out the banks/market in 1929/30 and avoid the "great depression"...this did'nt work out well for them then...here's a clip from a news story today..this sucks..

JPMorgan, which has been hurt far less by the mortgage morass than other investment banks, is providing secured funding to Bear Stearns for 28 days, and those loans will in essence be insured by the Federal Reserve. Schwartz said this will buy Bear Stearns time -- allowing it to "convince customers and counterparties that we have the ability to fund ourselves every day, to do business as usual."