Wednesday, March 26, 2008

Wall Street gains are privatized; losses are socialized

More articles on the $29B at risk for the Fed in the JP Morgan - Bear Stearns deal. I have nothing to add, so I will just provide a couple of links.

http://www.marketwatch.com/news/story/capitol-report-fed-puts-lipstick/

http://www.bloomberg.com/apps/news?pid=20601068&sid=aNXDBlrk1H1s&refer=home

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