The sky is falling

JP Morgan spent less to acquire Bear Sterns than the New York Yankees did to secure Alex Rodriguez.

Kind of puts things in perspective, don’t it?

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Comments

Sure, but Rodriguez doesn’t have a $5billion VISA bill.

I wonder how much Chase would have paid if Scott Boras was the Bear Sterns agent?

Amen, sir. When I saw the total, I said to myself, “You mean Bear Stearns cost less than it would take to buy the PIRATES?!”

To recap the best-guess version of what we know now:
–Jamie Dimon: smart.
–Jimmy Cayne: clownish.

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