Bad News Bear

[Joelle]

Bad News Bear
      

The aftershocks of Bear Stearns’ collapse are front and center. China’s CITIC Securities is moving on, formally calling off its $1 billion strategic tie-up; JPMorgan is moving in, ditching plans for a new office building now that it owns the $1.5 billion Bear Stearns HQ.
The Federal Reserve — hours away from the most aggressive rate [...]
         

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