Housing Doom Housing Bubble Blog

A nation that forgets its past is doomed to repeat it. - Churchill

March 16th, 2008

J.P. Morgan finds Bear Stearns a “well run bank”

This unbelievable quote brought to us by Reuters yesterday evening: [Thanks L!]

NEW YORK, March 16 (Reuters) - JPMorgan Chase said on Sunday that it found Bear Stearns Inc. a well run bank with good risk control.

A JPMorgan executive said on a conference call that 200 employees scrutinized Bear Stearn’s books over three days.

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March 16th, 2008

“We have all the ingredients for a major market meltdown”

Feeling a little nervous about the market tomorrow?  So is Peter Schiff: [Thanks L!]


 

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