I’ve got the Senate Banking Committee hearing about the Bear Stearns deal on in the background. Life’s too short to liveblog it. But Chris Dodd’s attempt to get somebody to admit that the Fed had ordered that the original sale price be just $2 elicited some interesting responses. Treasury Undersecretary Robert Steel said that, “There [...]
Bond market kingpin Bill Gross’s monthly screed is out, and as usual it’s got lots of interesting insights and lots of passages that don’t entirely make sense. Anyway, this may be my favorite part: I’ve had a famous picture of J.P. Morgan on my office wall for 25 years. Even now, the old man seems [...]
