http://news.yahoo.com/s/nm/20080317/us_nm/bearstearns_lawsuits_dc
"Bear CEO Alan Schwartz said in a televised interview on Wednesday that the company does not see any pressure on its liquidity and had about $17 billion in excess cash on its balance sheet."
he claims the company has $17 billion in excess cash but is being sold for $238 million to JP Morgan. That's some fuzzy math right there. Dude better practise stuff things up his butt cause he's going to be someone's bitch real soon.
No comments:
Post a Comment