Bear Stearns has spent the last three months lying about the condition of their business, and today the lies could not hold. An Elliott Spitzer would have demanded a pound of flesh, but he is gone, since he cheated on his wife. He did not get to stay like Bill Clinton and Henry Hyde got to stay.
My bet is the stocks keep going down, because these people will keep lying, and when it is over, what is left in the pension is junk and anything good is stored in Switzerland.
Friday, March 14, 2008
No Spitzer In The Way
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