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Bear Stearns Buy-Out

JPMorgan Acts to Buy Ailing Bear Stearns at Huge Discount – New York Times March 16, 2008 By ANDREW ROSS SORKIN and LANDON THOMAS Jr.

Bear Stearns, pushed to the brink of bankruptcy by what amounted to a run on the bank, agreed late Sunday to sell itself to JPMorgan Chase for a mere $2 [...]

Silly hedgies …

There’s an old saying that the easiest way to make a million dollars in the bicycle industry is to start with two million dollars … the implication being that associating with cycling is a money-losing business; and it’s easy to see how that saying comes to pass when you look at how many bike shops [...]