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Politics : Sioux Nation

DJT 10.33

-0.2%

Nov 21 9:30 AM EST

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To: stockman_scott who wrote (130126)	3/16/2008 11:58:26 PM
From: Rock_nj	Read Replies (2) of 361203

Because, they weren't sitting down with the Federal Reserve all weekend trying to seek a deal. It was not an open bidding process, just more crony capitialism. The Fed arranged this marriage of JP Morgan and Bear Stearns. I wonder how this will affect JP Morgan's earnings. Like you said, the real estate alone that they are acquiring might be worth more than what they paid for Bear Stearns. A sweet deal for JP Morgan. Looking at the world markets plunging to new 52 week lows, and multi-year lows in some cases, does make you wonder if we are heading for some real economic termoil.

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