posted on Mar, 18 2008 @ 11:37 AM
Dow up 2.23% +266.79
Nasdaq up 2.3% +50.04
I expected a BIG fall with banks failing.
I know JP bought bear-stern for 2$/share (jan 07 was $160/share).
Many are losing their shirts-a british guy lost 800 million.................
I think that the corporate board of bear-sterns needs to return the "BILLIONS" in bonus the leaders made.
I wish I could lose people billions and billions and yet make billions in bonus's.
You see if they went bankrupt, the money would have to go to the gov to pay for the bailout.
Since the company was purchased, it's assists as well a debts were purchased, so they get to keep the billions of dollars in bonus's.
[edit on 3/18/2008 by mrmonsoon]