Bear Stearns Pulls Down Markets
ecthompsonmd
March 14, 2008
President George W. Bush has the ability to ignore real, hard, solid facts. We have seen this time and time again. Last week, Bush refused to admit that the economy was in a recession. This was after Warren Buffett, who is arguably the most successful businessman of the last 30 years, said we are in a recession. Today, Bush acknowledged that the economy “obviously is going through a tough time.” Well, I guess that’s something. JP Morgan along with the Feds is backing Bear Stearns, a huge investment bank. As I have said before, there is going to be fall out
