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Archive for March 28th, 2008


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If it was the Marlins, you wouldn’t see people in Florida getting up at 5 a.m. And if it was the Yankees — well, their fans aren’t real. They just buy the hat.

— Helio Rocha, a restaurant manager who stayed up all night in anticipation of watching the Red Sox’ Major League Baseball opener (played in Toyko) at 5:30 a.m. in famed Boston watering hole Cask ’n’ Flagon; March 26.

Adam Smith’s invisible hand has a puppeteer: the Federal Reserve. In case there is any confusion about who was pulling the strings behind the scenes of JPMorgan Chase’s acquisition of Bear Stearns, the curtain was lifted Monday. By raising its bid — with the grudging approval of the Fed — to $10 a share, from $2, JPMorgan exposed what had long been whispered about but no one dared to say aloud: the Fed is officially in the deal-making business.

— from Andrew Ross Sorkin’s “Dealbook” column in The New York Times; March 25; emphasis added.
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Written by Dr. Denny Wilkins

March 28, 2008 at 11:07 am

Posted in Uncategorized