XM MLB Chat

Thursday, March 20, 2008

Grand theft: Bear Stearns by the US Government--no baseball tickets for you

Where is money going that might otherwise be used to buy tickets to a baseball game?
  • For Bear, the final nail in the coffin came not from Wall Street, but from the government....
So the government, led by Henry M. Paulson, the Treasury secretary (and the former chief executive of Goldman Sachs, for you conspiracy theorists), put a gun to Bear’s head: take a deal with JPMorgan or file for bankruptcy." ...

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