Detroy the economy, deestroyed a $billion company, whats left then mega bonuses.

The news that J.P. Morgan bought investment house giant Bear Stearns for just $236 million, or $2 a share, sent tremors through financial markets around the world today. This is company whose stock was worth almost one hundred times as much a year ago. Its building alone is valued at close to $1 billion, which suggests that all the other assets of this 85 year-old investment bank had a negative value – Bear Stearns liabilities exceed its assets.

	Truth Time: Wright is Right	Talking Points Memo	Sun Mar 16	12
	Fallacy #1: The Founders Weren't Deists	Talking Points Memo	Fri Mar 14	39
	Fallacy #2 The Founders Weren't Conservative Christians	Talking Points Memo	Fri Mar 14	1
	Sooner Fed bail-outs than the 1930s revisited	Telegraph	Wed Mar 19	1
	Bear Stearns exposed as a bank saddled with toxic sub-prime debt	Telegraph	Sat Mar 15	0