Bear Stearns R.I.P.

Today [29 May 2008]shareholders buried the financial house Bear Stearns. It lived a long and cutting edge of the market life till the subprime market meltdown did it in. At 85, it disappears but for the history books, and greedy JPMorgan Chase ably assisted by the Gang of 4 at the US Fed, the New York Fed, and Herr Bush buried it in a coffin of gimcrack manoeuvres.