Bear Stearns downfall

Mar 17 - Bear Stearns found itself in the bargain bin after a cash crunch forced a quick sale. JP Morgan and the Fed stepped in to save Bear Stearns, paying just $236 million dollars for the former Wall Street powerhouse. Bobbi Rebell reports.

Category:

News & Politics

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• Bear
• Stearns
• Reuters
• business_GF
• JP
• Morgan

[cdalelefty]

What a scam.

[ficote72]

Did Paulson, Bernake and Bush took any action to bail out Katrina victims?? Then why bailing out bear stearns millionaires, is the new policy to pump money devaluating the currency and americans savings and promote mal investment? What about free market capitalism? This is a totalitarian comunist move.

[glup2glup]

Pls read this,remove spaces

w w w . europe2020 . org / spip . php ?article 403 & lang = en

[mikexxxxnolan]

The hiring of Tony Blair by J P Morgan on the 10th January 2008 has proved a master stroke in the purchase of Bear Stearns. The auditors also played an important part in this remarkable transaction upgraded to $10 a share.

Michael Stephen Nolan 2nd June 2008

[garyowen4ever]

RU PAUL FOR PRESIDENT!

[kng863]

Imagine being the Bear group who pushed that CDO/SIV stuff and was responsible for the bank's collapse after a 85 year run. Wow. Do you put that on your resume? It's SUBPRIME STUPID!

[kickboxer88888]

Some people are going to committ suicide over this! NO JOKE! Retirements are lost, now old people will have to work at walmart instead of retire in peace.

The head of JPMorgan will be hunted down by people that lost their lives.

[fyralf]

What a bust. I guess borrowing and borrowing and borrowing just dont cut it forever.

Go figure.