Fed and Rival Bail Out Bear Stearns

[mickeyfan2]

http://biz.yahoo.com/ap/080314/bear_stearns.html

 

[Aliceacc]

Yeah, that's been on the news all afternoon.

Scary times ahead. Good for JP Morgan.

My economics background is sketchy at best. But this is big news, and I'm not terribly reassured by President Bush's comparison to a "rough roadway."

I think the road's a whole lot more torn up than that.

 

[punkin]

Yeah, it's scary.

Bear Stearns is almost no more. I am sort of sad. DH used to work there many years ago...

 

[gina2000]

The Bear has been around forever and has always had a great reputation.

These are scary times.