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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 (130130)3/17/2008 12:11:12 AM
From: Rock_nj  Read Replies (7) of 361203
 
Enron was just an energy company. The damage was limited. Bear Stearns was part of the glue that holds the market together. If Bear failed, banks and brokrages around the world would be reeling. Some say they did essentially fail and JP Morgan brought them at a liquidation price, and since they closed at $30 and were brought for $2 that seems like a fair assessment of the matter.
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