Archive for the 'Recession' Category

The Recession and the Collapse of Bear Stearns

Thursday, March 20th, 2008

The fifth largest US investment bank and securities trading and brokerage firm, Bear Stearns, recently collapsed. And the United States government used a bail out to have JP Morgan buy Bear Stearns. This has some people saying that America has been conned with a huge Ponzi securitization scam; the bubble has burst and it looks […]

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