Category: Credit

One foot in the Bear trap: Part 2, all better now?

27 March, 2008 (10:00) | Credit, Markets, Subprime, US News | No comments

[Continued from yesterday’s Part 1.]

Symbols of fidelity and chastity abound
 
Yesterday’s post covered the basics of the JP Morgan Chase/ Bear Stearns shotgun wedding, and the sudden discovery that JP Morgan had paid over the dowry before the vows were exchanged.  Thus, as reported in The New York Times, Morgan had to boost its price, and […]

One foot in the Bear trap: Part 1, ouch!

26 March, 2008 (09:44) | Credit, Markets, Subprime, US News | No comments

[Editor’s note: we interrupt the multi-part post on water and sanitation for breaking news regarding the Bear Stearns/ JP Morgan Chase shotgun marriage, which is too delicious to ignore and too timely to defer.  We’ll return to water later in the week.]

 
Although it’s only tangentially related to housing, I have to post about the […]