Bear Stearns (BSC)

How do you go from $130/share last year to a "fire sale" to JPMorganChase at $2/share?

Well, here's a quick run down on the timeline of events that led to this disaster.

I am running out to pick up the kids, but will be back with more. I just twitted that I feel the stock market is like a really bad telenovela. So now I feel compelled to blog why. Gotta go pick up the kids first.

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Words to live by The way to fight this 'moving forward' frame is not to repeat it--that's the first step. The problem is, Americans want to talk about and correct all the problems the President created and we are in right now. And if we talk about 'moving forward' and looking up the road and turning points--we get distracted from the present. To reframe, we should force the debate to use a new phrase: America wants action right now! This phrase focuses the discussion in Iraq, on immigration policy, on oil policy, on hurricane preparedness--focuses attention on the real concern: a government that fails to act in the face of huge problems. — Jeffrey Feldman FRAMESHOP : April Was The Cruelest Month Subscribe Buttons