Fiscally nuts. Socially insane.

Saturday, March 15, 2008

Banking Busts

But those assurances were blown away in what amounted to a bank run at Bear Stearns, prompting JPMorgan Chase and the Federal Reserve Bank of New York to step in on Friday with a financial rescue package intended to keep the firm afloat.

Read it.

I'm sorry, I haven't said anything of substance in a few days... I'll be back soon.

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