Bared Sterns

Posted By: Dr. Frugal in Economics on 03/15/2008 at 05:45:49

I thought my title was pretty creative but now that I look at it it's not as it probably needs an explanation: Bear Sterns just came out with their reports and wound up having to be bailed out (big time) by JP Morgan/The Fed. Oops! Apparently it was easier to survive through the Great Depression than it is to eke out a living (as a business) through the current credit fiasco.

I'll only say this on the matter since I of course do not have first-hand knowledge of the situation: What about me· If I start to get bankrupt can someone bail me out with 1.5% interest loans· If so, I'm going bankrupt so give me some of the disgustingly cheap money right now!


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