March 2008
11 posts
Taxpayers covering the Bear Stearns bailout
JP Morgan just raised their bid to takeover Bear Stearns to $11/share. Of course the Fed has promised to cover anything beyond the first $1 billion dollar of bad loans made by Bear Stearns. So this becomes a game of roulette for JP Morgan.
Here’s the problem, as told by NPR’s Robert Reich: “But it’s not really that risky a bet because if Bear’s assets contain...
“If you want options, go talk with other people! I’ll solve your...”
– Paul Rand [through Steve Jobs] (via Monoscope)
“A year ago the United States Army Corps of Engineers, which builds and maintains...”
– New York Times
