Monday, March 17, 2008

Housing on the Streets

2 comments:

SHERIDENTON said...

I COULDN'T IMAGE HAVING TO LIVE LIKE THIS.IS THIS IS THE FIRST PLACE YOU HAVE BEEN THAT HAS BEEN SO POOR? I CAN'T BELIEVE THE LADY HAD HER HUSBAND CREMATED AND THEN GOT BACK ON THE BOAT FOR THE REST OF HER TRIP.

LOVE,

KENT, SHERI AND JADE

Brent said...

The Federal Reserve had to bail out Bear Stearns (BS). As part of the deal, J.P. Morgan Chase will buy BS for $2 a share. BS stock closed at $57 on Thursday and $30 on friday. In addition Morgan was unwilling to assume 30 billion of BS risky investments so the Federal Reserve (the tax payers)agreed to take the risky investments. Well at least we will not have to worry about any stock brokers landing on people on the sidewalks below wall street. FR also did a sunday night rate cut after some over sea market dropped as much as 5 percent. The US markets were down early but ended up mixed today.

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