March 14, 2008

Bear Stearns in trouble

My goodness; I had no idea it was this bad. It looks like the subprime crisis actually has one of the major banks on the ropes, fighting for survival. To make things worse, they had to borrow money from one of their competitors--which unfortunately makes sense since no one else in the world would have the money to hold them up.

http://www.forbes.com/markets/equities/2008/03/14/bear-stearns-jpmorgan-markets-equity-cx_cg_0314markets11.html

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