2008-07-07-crose.jpg I recently spoke with Jamie Dimon, Chairman and CEO of JPMorgan Chase about the Bear Stearns buyout, which many argue prevented chaos from spreading across the global market.
We have not seen the last bailout in this crisis. If the public is going to pay for them, as we think it must, it should also get paid back for them.
Wall Street is in a full meltdown. Bear Stearns is gone, so the markets are wondering who's next. The leading contender? Lehman Brothers.
The pill gave the markets a quick burst, but the fast-acting stimulus soon wore off, leaving investors unimpressed and thoroughly unsatisfied.