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Investment banks: The $2 bail-out
Oleh:
The Economist
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 386 no. 8572 (Mar. 2008)
,
page 75.
Topik:
Wall Street
;
Investment Banks
;
Bear Stearns
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.50
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
AS PRANKS go, it oozed vitriol. On March 17th, while employees at Bear Stearns were coming to terms with the implosion of their once-venerable investment bank, one of them stuck a $2 note to the revolving doors of the firm's midtown-Manhattan headquarters. That was the amount, per share, that Bear had fetched in a fire sale to JPMorgan Chase a day earlier, when the Federal Reserve was rushing to secure a deal before the markets opened on Monday (see chart 1). A year ago the shares had topped $170.
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