Yeh, intense stuff. Bear Stearns is like the 5th biggest Investment Bank in the World, and looks like they'll probably be bought out by JP Morgan & Chase. Bear Stearns made their big profits from Mortgage Backed Securities, so the tables turn.
Yeh, intense stuff. Bear Stearns is like the 5th biggest Investment Bank in the World, and looks like they'll probably be bought out by JP Morgan & Chase. Bear Stearns made their big profits from Mortgage Backed Securities, so the tables turn.