Bankruptcy

Wonder What JPMorgan Chase?s Shareholders Think About This?

By J. Michael McBride

First, Bank of America buys Countrywide, an unusual business move unless taken to avert a major meltdown of the US economy which would hurt all institutions or unless BoA was protected somehow from the obvious losses it was buying.

Now there is the Bear Stearns bail out, which may well take the form of a direct buy out of that entity, this time by JPMorgan Chase. “Bear Stearns and the Federal Reserve approached JPMorgan Chase about the financing and a potential deal, according to the source.”

Here is a link to one of the articles on this topic: http://biz.yahoo.com/ap/080314/bear_stearns.html?.v=5

Here is a more detailed analysis and a time line for this week covering the deteriorating situation at Bear Stearns and the company’s denials of its troubles: http://www.thestreet.com/_yahoo/newsanalysis/banking/10407779.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

Michael

Full post as published by Texas Lawyer Blog on March 14, 2008 (boomark / email).