Archive for March, 2008

Most of you don’t follow this stuff too closely, but allow me to note the passing today of Bear Stearns a quirky New York investment bank. Here is the New York Times story:JPMorgan Acts to Buy Ailing Bear Stearns at Huge Discount
Banking can be a fabulously rewarding business, but it can also humble quickly…. »

I have been fully occupied writing so I have had no time to comment here for a while, but even I cannot avoid commenting on the sad state of the economy. The news today that Bear Stearns, a New York City investment bank, had to be bailed out by short term loans from J.P…. »