OldVet on Forced Marriages, Bear Stearns
This one is by OldVet…
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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.
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This one was by OldVet.