An entire system of leveraged assets polluted with worthless loan-backed securities is in the process of violent unwinding. Bear Stearn's bond rating has just been lowered, guaranteeing that they cannot secure further financing to hemorrhage trying to repair irreparable insolvency. Being "too-big-to-fail," the bank must now be bought out by Monday.
read more | digg story
Subscribe to:
Post Comments (Atom)
1-7-2026
President White House Launches New Website to Defend 'Patriotic Americans' Involved in Jan. 6 Capitol Riot | The White House claims ...
-
“In the Shitter”: Democratic Rep. Reads Out Entire List of Trump Crimes - Representative Jasmine Crockett used Republicans’ Biden impeachm... -
They're saying F-U to Congress, essentially read more | digg story
-
TERRIFYING 57% TAX LOOMS FOR BIGGEST EARNERS IN NYC Calif tax officials: Legal pot would rake in $1.4B... Obama Opposes House Plan That W...
No comments:
Post a Comment