Kratos0518 on 17 March 2008
Thats what happens when investment banks fail to behave like investment banks should. Having huge portions of your porfolio in questionable mortgage backed securities equals a ticking time-bomb! Which is exactly what happened, Bear Stearns IMPLODED, honestly JP Morgan and the FED should have let them fail and gone under. Too bad we honest tax payers will as usual be stuck to foot the bill of greedy corporations.
PSN - Kratos0518
