Bear Stearns

How can you get the Treasury to shore up your debt?

July 14, 2008 - With news that the U.S. Treasury is getting the go-ahead to use billions of federal dollars to guarantee the debts held by Freddie Mac and Fannie Mae, many Americans can't help but wonder, "What's so damn spec...

A pair of Bear Stearns employees remind us that the Feds love "operations"

June 19, 2008 - Federal authorities announced Thursday that two major players in the mortgage meltdown have been indicted for basically infuriating homeowners and pissing off mortgage brokers. The pair, Ralph Cioffi a...

Sub-prime mortgages are killing man's best friend

April 10, 2008 - Animal shelters are already pretty depressing, but they're getting worse thanks to the sub-prime mortgage crisis. According to an article in Wednesday's Washington Post, animal shelters are filling up wit...

From The Room: Just Shoot Me

April 4, 2008 - The newspaper should come with an anti-depressant. Here are the stories we New Yorkers were greeted with this morning: 81% of people polled say the nation is on the...

From The Room: Former Rocket Scientist Wants to Know if You Are Hiring

April 2, 2008 - It seems that even rocket scientists cannot escape today's economic uncertainty. In an already slowing job market, NASA announced that their plan to retire the space shuttle in 2010 could result in over 8,0...

Ask the Ben Bernanke 8-Ball!

March 18, 2008 - Economic meltdown looms, and Federal Reserve Chairman Ben Bernanke is doing what he does best: lowering interest rates. At least, that's what financial experts are saying following the collapse of Bear St...

From The Room: Bear Bones

March 17, 2008 - Encouraging news if you own Bear Stearns stock: It closed at $30 a share today! Discouraging news if you own Bear Stearns stock: JPMorgan Chase (no relation to Gong Show judge Jaye P. Morgan) will buy the beleaguered firm for two bucks a share...

Bear Stearns is worth less than your sister's white-trash husband

March 17, 2008 - JP Morgan Chase & Co has agreed to buy Bear Stearns (BSC) for the bargain price of two dollars per share. Just last April, BSC shares were selling at...

Good news on the economy: superwealthy a-holes now just wealthy a-holes

March 17, 2008 - As the country slides into the abyss, President Bush gave the glass-half-full interpretation in a brief statement Monday morning. We couldn't agree more, and although we don't understand exactly what's t...

FAQ: Bear Stearns and JPMorgan Chase

March 17, 2008 - After the news Sunday that Bear Stearns, one of the world's largest investment banks, was being sold to JPMorgan Chase, the company's stock price today values it at about the same as that taco stand on the corner. Just...