Mar 18 2008

How Capitalism is Supposed to Work

Yesterday’s announcement of JPMorgan Chase’s buyout of Bear Stearns has still got me bothered. Not because of the fact that this is was America’s 5th largest global investment banks, but because somehow, inside of just 10 months, their value plummeted from a high of 159.36 per share to 2.84 per share before being bought out [...]

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    About Jason Cyr

    Jason Cyr (Jcyreus) is an independent blogger and sole proprietor of Jcyreus dot com. Everything here is his personal opinion and is not read or approved before it is posted. No warranties or other guarantees will be offered as to the quality of the opinions or anything else offered here.

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