JP Morgan Chase Buys Bear Stearns For 2 dollars per share
I was reading an article several weeks ago from Glenn Beck regarding the credit crunch that the world economy is currently in and even though it scared the living daylights out of me, I brushed it off as scare mongering.
It now seems that the discussion he had with Nouriel Roubini (professor of economics at New York University) regarding the "12 steps to financial disaster" might not be so far fetched at all.
JP Morgan buying Bear Stearns for 2 dollars per share and valuing the once prestigious Invest Banking firm at $236 million is downright scary.
In the article which was published on cnn's website, Nouriel Roubini goes on to talk about how he believes the dominoes will fall in the economy.
DEFCONOMY FIVE, DEFCONOMY FOUR, DEFCONOMY THREE, DEFCONOMY TWO, DEFCONOMY ONE
You can read the commentary here
Glenn Beck:
"The people who survived the Great Depression were the ones who had money to buy when everybody else was selling." -- My grandfather
It now seems that the discussion he had with Nouriel Roubini (professor of economics at New York University) regarding the "12 steps to financial disaster" might not be so far fetched at all.
JP Morgan buying Bear Stearns for 2 dollars per share and valuing the once prestigious Invest Banking firm at $236 million is downright scary.
In the article which was published on cnn's website, Nouriel Roubini goes on to talk about how he believes the dominoes will fall in the economy.
DEFCONOMY FIVE, DEFCONOMY FOUR, DEFCONOMY THREE, DEFCONOMY TWO, DEFCONOMY ONE
You can read the commentary here
Glenn Beck:
"The people who survived the Great Depression were the ones who had money to buy when everybody else was selling." -- My grandfather
posted by AM at
11:36 PM
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