Friday, March 14, 2008

Denials they in trouble all week now this

JPMorgan Chase, With Federal Reserve Bank of NY, to Provide Funding to Bear Stearns

"The federal government and JPMorgan Chase & Co. teamed up on a bailout of Bear Stearns Cos. on Friday, a last-ditch move to save the investment bank, which acknowledged its dire financial straits after a week of firm denials."

Posted by happyrenterz @ 02:14 PM (655 views)
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4 thoughts on “Denials they in trouble all week now this

  • 45% share price drop so far today…. Welcome to the US Northern Rock

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  • “Bear Stearns, the nation’s fifth-largest investment bank, made its fortune dealing in opaque mortgage-backed securities ”

    er…, just what fortune is that then if they need bailing out?

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  • Yesterday this bank said everything was ok. They obviously lied outrageously.
    There’s a lesson here.
    Who else is lying?
    No wonder gold is shooting up.

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  • who stole my pension? says:

    Still it won’t happen here. Ooopse is already has – Northern Crock!

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