June 9, 2008
Well, we all remember Bear Stearns. We all remember the false hope that was posted here and there about how the Bear could survive. We all remember the midnight oil and the Fed to the rescue.
Now, it seems that Lehman is on the same track. Sure, they say they can raise money and perhaps they [...]
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March 24, 2008
So, while most of us were praising the Lord on Easter, Bear Stearns was raising hell and JP Morgan was raising their offer to take over the Bear from $2.00 a share to $10.00 a share.
The Easter deal was negotiated over the weekend. Nothing seems to take place during regular working hours as if the [...]
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