Nov 17, 2008

The Bear Stearns Sad Story: Arrogance And Incompetence, The New Pride And Prejudice

Bear Stearns, one of the largest global investment banks and securities trading and brokerage firms in the world, has met its pathetic end through a fire-sale to JP Morgan Chase for about $10/share, a far cry from its $133.20/share.

Why? It's simple: Greed. Arrogance. Incompetence. Carelessness.

Its CEO and other financial "wisemen" should be in jail.

Kingston, Sandisk, Viewsonic, Canon, Toshiba

Blog 4 BrandNewCitizen

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