OldVet on Forced Marriages, Bear Stearns
This one is by OldVet…
There I was holding my head and moaning and crying about how the banking system and the financial system were on the verge of collapse. I saw the forced marriage, or ménage-a-deux, between JP Morgan and Bear Stearns.
But the Fed was involved, which couldn’t be good. Oh God, please help us.
Then I realized it was really a ménage-a-trois, what with the head of JP Morgan being on the board of directors of the New York Fed. It was a family affair. The family was taking care of its own. Brilliant. I’m now free of stress and ready to get back to the trough! Get out your wallets, oinkers.
This one was by OldVet.