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Thursday, April 3, 2008

04/03/08 - More on Federal Reserve Chairman Ben Bernanke's decision to aid JPMorgan Chase & Co.'s purchase of the struggling Bear Stearns Cos.

Thank God, Bernanke Doled Out The Corporate Welfare To JP Morgan Chase, Because We Certainly Don't Want Former Bear Stern's Wall Street Excutives Jumping Out Of Windows.

We certainly don't want the families who are losing thier homes thinking that we are in some kind of depression or something.


"People are listening, trying to get a general understanding of the role the Fed played with Bear Stearns," Weeden & Co.'s Steven Goldman said. "But I don't think it's swaying trading."


Stocks Drop After Rise in Jobless Claims

Via Kiplinger's Personal Finance

... economists predicted. "We're still holding up," said Steven Goldman, chief market strategist at Weeden & Co. in Greenwich, Conn. "We've had a big rally." Meanwhile, Wall Street was cautiously listening for new information about the economy and ...

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