Monday, March 24, 2008

Feeling Bad for Really Rich People

1st NW Quadrant\The Approval Matrix: Week of March 31, 2008

(Patrick Andrade for The New York Times)

A great many of the 14,000 employees of Bear Stearns are expected to lose their jobs because of the firm’s cash shortage and its pending acquisition by JPMorgan Chase. As the credit crisis unfolds and other firms discover the depths of their losses related to bad loans, few expect the layoffs to stop there. -- New York Times

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