Tuesday, March 18, 2008

News from this morning's WSJ

Finally, the first meaty story on Bear Stearns! I can really sink my teeth into this one.
A couple of reactions:
1. Seems like the Fed took control of a supposed free capital markets, much to the detriment of Bear Stearns. They forced the sale of BS over the weekend.
2. JPM covets 383 Madison (the building)
3. Everybody loves Chinese food (this is what JPM ordered while conducting due diligence).
4. The Fed's decision to open the discount window for investment banks is a few days too late for Bear. :(

Here's a semi-interview/personal account from BS employees' perspectives.

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