History repeating
Another manufactured economic crisis, another round of so-called "consolidations", as smaller banks are cherry-picked and snapped up by the big names. Just like the last time around, the Morgan name is right there in the thick of it.
Bear Stearns Racing Toward Selling Itself to JPMorgan
Bear Stearns was racing Sunday afternoon to sell itself to JPMorgan Chase for more than $2 billion, according to people involved in the talks. Meanwhile, Bear Stearns, whose solvency is in question, was also making preparations to file for bankruptcy protection as a backup plan should a deal not be reached, these people said.
A deal for Bear Stearns would end the independence of one of Wall Street’s most storied firms and help halt a sweeping panic that set in at the end of last week, causing Bear Stearns’s stock to swoon 47 percent on Friday. If an agreement is not reached and Bear Stearns files for bankruptcy, it could cause an even deeper global scare over the fate of the financial system.
The talks, which are being overseen by the Federal Reserve and the Treasury Department because of their potential effect on financial markets, are being rushed in the hopes of reaching a deal before stock markets open in Asia at 8 p.m. Eastern time.
One might look up the definition of SHiLL.
beast earrns
The Goy have noticed again;
quick shuffle the deck!
That sheckel-shilling, money-changing,
EMPTY LiE that is the broke_beast.
The vultures have long since pecked-out the whore's eyes.
Maybe everyone wants to know how the shills don't even bother to call you when your account gets overdrawn!
INSTEAD..
They use the GUiLT+ThefT effect, just like credit card usury, but a WHOLE YEAR'S WORTH IN ONE POP. enter: pay per view, the greedies' way to make you pay yer jew!
Got dinged over $100 for 18 HOURS LATE.
(no call)
The original Bill was for only $75.
*(&^%$#@!