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    « Obama Campaign Worried A Year About "Wright-eous" Anger | Main | Zogby: It's 3 a.m. and Americans Want John McCain To Answer The Phone »

    March 17, 2008

    Bared Stearns - How Many Other Casino-Banks To Get Gobbled Up?

    DollarclrDollarclr  "JPMorgan to buy Bear for $2 a share" from AP reports on the seismic news that JPMorgan is buying the casino also known as investment bank Bear Stearns - which was $100 a share in December - and $30 a share on Friday - for $2 a share - insuring more chaos on the global financial markets. 

    "Black Monday and the Bear Stearns Buyout" from Michelle Malkin

    "Bear on the Cheap" from Hot Air

    JPMorgan's acquisition of Bear Stearns for the shockingly low price of $2 per share, or $236.2 million, occurred Sunday night, in a deal that was fast-tracked by the federal government to avoid a bankruptcy. A complete collapse of Bear Stearns might have completely crushed the already-dwindling confidence in the global financial system, which has frozen up after last year's collapse of the subprime mortgage market.

    Posted on March 17, 2008 at 06:04 AM in Business |

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