Wall Street’s bears are stern
5 comments March 17th, 2008
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Sorry for the lame pun in that headline, but as an Irishman, I refuse to address the financial-market problems on this St. Patrick’s Day with some line about the burnin’ of the green.
Anyway, the SITUATION is such at this pre-dawn hour that investment bank Bear Stearns has lost 99 percent of its stock market value in the past 14 months and is being sold for a pittance.
UPDATE: Fed bailout of Bear Stearns “crosses a line,” it says HERE.
