Economics articles in relatividad.org and bolseando2 translated to several languages
In March was Bear Stearns. Now, in september 2008, Lehman Brothers.
Entonces escribí un artículo titulado “;the bankruptcy of the year“;, but the year was not yet over and is the turn to Lehman. In addition, Merrill Lynch has been purchased by Bank of America, It seems a covert rescue operation, as Merrill also entered the bets on the banks who were suffering most in the USA. Continue reading “Lehman Brothers bankruptcy, the second great bankruptcy of year 2008”
Bear Sterns went bankrupt and was bought by JP Morgan Chase at $2 a share.
If we take into account that a year before it was worth $150 per share, It is clear that it has been purchased at a symbolic price. About $200 million vs. over $20 billion a year ago.
The credit crisis that we have lived through and that the United States has lived through is to blame for the destruction of almost $20 billion worth of a large company. Continue reading “Bear Stearns, the first great bankruptcy of the crisis”