Monday, April 07, 2008

Cartoon of the Day


3 Comments:

At 4/07/2008 8:25 AM, Anonymous Anonymous said...

I don't think the investors in those firms got bailed out at all. This is a misleading cartoon.

 
At 4/07/2008 11:07 AM, Blogger Gregory said...

I disagree. The son did imply he got rich and then lost everything, which would be an accurate description.

 
At 4/07/2008 12:23 PM, Blogger Thomas Blair said...

Anon 8:25,

Note that the son's shirt says 'investment firms' not 'investors of firms'. The firms are getting bailed out. The Fed created $200b out of thin air so JPMorgan could buy Bear Stearns.

 

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