Lonesome hobo
Bear Stearns, noted brokerage house and home to bridge playing weed smoking former CEO's, nearly went bankrupt this weekend until it was bought out by JP Morgan, noted investment bank and home to insider traders. Hooray! Supposedly JP Morgan will gut nearly the entire operation, leaving only a few divisions open. In response, the market tanked.
In other news, this weekend I got a letter from the IRS telling me that I will get a tax refund for $600. Wow! That's great news. That $600 will surely get us out of our financial funk, save all of those people who lost their homes, pay for the rebuilding of Iraq, bail out lenders and borrowers, and pay for health insurance for those who don't have it.
CNN had an online quick vote which illustrated the problem:
In other news, this weekend I got a letter from the IRS telling me that I will get a tax refund for $600. Wow! That's great news. That $600 will surely get us out of our financial funk, save all of those people who lost their homes, pay for the rebuilding of Iraq, bail out lenders and borrowers, and pay for health insurance for those who don't have it.
CNN had an online quick vote which illustrated the problem:
posted by quint at 9:28 AM
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