Thursday, March 27, 2008

Rats are Bailing Ship

Thanks to Bernanke, Paulson and the deal to bail out Bear Stearns (BS) with our taxpayer money, the CEO of BS just sold $61M of his stock (all he owned) -- the "rats" are bailing ship!

Bear Stearns Cos. Chairman James Cayne on Thursday dumped his entire stake in the embattled investment bank for $61 million (€38.6 million), as it appears closer to a takeover by JPMorgan Chase & Co.

This smells bad for BS...

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