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(BBC)   Government to JP Morgan in 2008: Hey, could you um, buy Bear Stearns TODAY and skip all that diligence stuff cause otherwise MELTDOWN, kthanks. Government to JP Morgan 2012: Ha ha, suckers   (bbc.co.uk) divider line 4
    More: Stupid, JPMorgan Chase & Co., meltdown, Bear Stearns, collective investment scheme, Hey, bad debts, mortgage-backed securities  
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3457 clicks; posted to Business » on 02 Oct 2012 at 12:38 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-10-03 09:45:07 AM  
1 votes:

flucto: *puts on mind reading hat* - I predict this thread will be filled with knowledgeable comments.


Will be filled with no comments. The liberal trolls on Fark don't talk about Obama's mistakes.
2012-10-03 08:18:57 AM  
1 votes:

WxGuy1: /// Yes, a little bitter. Where the fark are we supposed to grow our money if savings accounts are earning


Start a business and actually create something of value? I know, crazy, right?
2012-10-02 03:39:40 PM  
1 votes:

WxGuy1: netringer: Wait, wait, wait!

Jim Cramer said Bears Stearns is fine!

BREAKING NEWS: Jim Cramer was wrong.

/ Obvious
// If there's anything I've learned over the past 5 years of managing my own stock, it's that you're lucky to beat the market, and you probably will end up behind the big guys. Sure, some people do well, but some people also get a 21 blackjack by chance too. I'm relatively young, and I try to follow all of the prudent investment strategies, but that hasn't left me with much. As Bill Gross said, the years of significant stock market appreciation are over.
/// Yes, a little bitter. Where the fark are we supposed to grow our money if savings accounts are earning


The best way to make a small fortune in the stock market is to start with a large fortune.
2012-10-02 03:18:04 PM  
1 votes:
You mean the Bear Stearns that JP Morgan bought for pennies on the dollar specifically because of the risk associated with their mortgage securities? Cry me a river that they don't get billions in value for free.
 
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