Banks face "new world order," consolidation: report

[topekaclark]

NEW YORK (Reuters) - Financial firms face a "new world order" after a weekend fire sale of Bear Stearns and the Federal Reserve's first emergency weekend meeting since 1979, research firm CreditSights said in a report on Monday

More industry consolidation and acquisitions may follow after JPMorgan Chase & Co (JPM.N) on Sunday said it was buying Bear Stearns (BSC.N) for $236 million, or $2 a share, a deep discount from the $30 price on Friday and record share price of about $172 last year.


http://news.yahoo.com/s/nm/20080317/bs_nm/usa_financials_creditsights_dc


:rolleyes

[BeNotAfraid]

Hmmm, slowly that phrase is becoming "normal"....

[topekaclark]

I was just thinking that, they are planting the ideal here and there. Give people time to think, oh this is nothing new. :hehee

[jds6958]

I was just thinking that, they are planting the ideal here and there. Give people time to think, oh this is nothing new. :hehee

This article really captured my attention earlier today...

[Glory]

I just watched The End Game last night, and here I am now reading this.

[Logicon]

None of this is an accident. It has been staged to happen. This was the intended outcome all along.

[icebear]

something strange is afoot at the circle k.....