Who’s going to answer the phone?

Reading this story on FoxNewsreminded me to post my thoughts on the growing cries for more government regulation of the mortgage and brokerage industries.  Basically, I think we need to stop the Fed interventions and roll back the regulations we have now. That comes with a caveat though – no regulation and no intervention also implies […]

More on Bear Stearns

According to CNN, it appears that the deal bailing out Bear Stearns is costing JP Morgan a lot more than the $236.2 million that the $2 per share announcement would lead you to believe.   According to CNN: The Fed also approved the financing arrangement announced Sunday in which JPMorgan Chase & Co. will acquire rival Bear […]