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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 389.75+0.5%Dec 1 4:00 PM EST
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To: TobagoJack who wrote (31233)3/18/2008 9:37:58 AM
From: Snowshoe  Read Replies (1) of 218131
 
Ask Bear Stearns Stockholders About Moral Hazard:

Commentary by Caroline Baum

March 18 (Bloomberg) -- Minutes after news hit the tape Friday that Bear Stearns Cos. was getting emergency funding from the Federal Reserve, the Wall Street humor mill was busy at work.

``Thank you for calling Buy-a-Bank,'' said an e-mail from a long-time reader. ``Please listen carefully as our menu items have changed.

For Mandarin, press 1.

For Arabic, press 2.

For takeover of Bear Stearns, press 3.

For Lehman Brothers, press 4.

For any monoline insurer, press 5.

To purchase residual assets of defunct hedge funds, please stay on the line and an operator will assist you.''

bloomberg.com
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