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Politics : Politics for Pros- moderated
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To: Bridge Player who wrote (242293)3/16/2008 7:54:04 PM
From: Paul Smith   of 794003
 
Their building alone in NYC is reportedly worth over $1 billion.

True, but I think JPM is getting both the assets and many of the obligations. The size of the potential obligations explains the low price. Getting this deal done is actually good news - Bear was ready to file for bankruptcy and that would have caused massive problems.
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