The sky is falling

Published on 3/17/2008 in Profound Thoughts. Comments

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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  • 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.
  • I wonder how much Chase would have paid if Scott Boras was the Bear Sterns agent?
  • Sure, but Rodriguez doesn't have a $5billion VISA bill.
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