JP Morgan CEO Jamie Dimon is quadrupling the price of Bear Stearns from the price he agreed o pay just nine days ago and yet he is still managing to get kudos for the deal.
I think he made a steal. I think what will happen as five or 10 years and now when we do not remember what the Subprime Mortgage Industry is about, they will spin that off at a very significant profit.
Tags: Bear Stearns, Lenders With Problems 2007, Merger/Acquisitions, Mortgage Implosion, Mortgage News, Mortgage Video
