thats what i heard said
yesterday on a financial interview show...
talking about the economy situation and all that...
he used the very same words... i am not sure who he is
some analyst...saying how right after 911 the thrifty
savers became the lets spend it all now- crowd...
because of the fear of a nuclear attack coming...
and save it for WHAT?
B&S: it was still our money on the bailout in the sense that Jp Morgan was
offered an incentive to act as an intermediary
quote: it was announced that JP Morgan Chase Bank was acting as an intermediary to bail out the financial investment bank Bear Stearns, and essentially funneled billions of dollars from the U.S. Federal Reserve
(read: you and me) to those who had entrusted their investment fortunes to Bear Sterns.
Last edited by Raven; 04-04-2008 at 12:33 PM..
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