*DJ JPMorgan In Talks To Raise Bear Stearns Bid To $10/Shr - NYT -------------------------------------------------------------------------------- Mon Mar 24 00:26:03 2008 EDT
scary that timmayyy is where i heard the news first, he at least included a funny logo http://timothysykes.com/2008/03/24/jpmorgan-jpm-to-buy-bear-stearns-bsc-for-10-per-share/
Deal contract has clause in which JPM could be responsible for BSC liabilities even if the deal falls apart. http://dealbook.blogs.nytimes.com/2008/03/24/bears-big-guarantee/#more-21910 Looks like the Fed may have a problem on its hands. Couldn't happen to a nicer fairer minded bunch of people. I hope they have all night sessions and no sleep for a loooooong time.