Bear Stearns Sold to JP Morgan – Bear up folks the credit crunch is taking hold
Bear Stearns was one of the world greatest investment banks and was once the biggest underwriter of U.S. mortgage bonds.
You may of heard however that its share price has fallen over 90% this year. And now they have eventually crumbled selling out to JP Morgan at a real bargain of just over $2. It was trading at over 30$ a share a few weeks back.
The credit crunch is taking a grip folks so beware there are going to be troubled times ahead. The UK is always a few months behind the U.S and a storm is brewing that is heading across the Atlantic ocean.
Introducing the NEW – Millionaire Blog Forum
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Millionaire Saves Planet by buying large chunks of Argentina, Chile
The American multimillionaire who founded the North Face and Esprit clothing lines says he is trying to save the planet by buying bits of it.
First Douglas Tompkins purchased a huge chunks of southern Chile, and now he’s hoping to save the northeast wetlands of neighboring Argentina. He has snapped up more than half a million acres (200,000 hectares) of the Esteros del Ibera, a vast Argentine marshland teeming with wildlife.
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