if i could only make $$....

Friday, March 21, 2008

Some thing fishy...

So last Thursday the Federal Reserve Bank of New York announced that it would lend money to JP Morgan so that it could lend money to Bear Sterns so that they could avoid bankrupcty and a run on the bank. Monday it was announced that JP Morgan would take over Bear Sterns for $2 a share......

I've been crazy busy with work, life and what not. Subprime melt down is kicking my ass. Whats worse is I'm a little pissed off. I don't know at whom, the idiot people that signed the documents or policy holders because they didn't regulate strictly enough to make sure people are idiots.

1 Comments:

At 7:46 PM, Blogger Chris said...

I'm annoyed with the Fed for offering the bail out. More corporate welfare.

 

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