Wednesday, December 2, 2009

Is dubai the next bear stearns?

I am just trying to compare current crisis with one in the past. Bear Stearns had to borrow from Fed on March 15, 2008. JP Morgan then bid for Bear Stearns at USD 2 and finally agreed to pay USD 10 on March 28. There was a kind of panic in investors across the world for few days. The Sensex too declined from 16371.29 on March 29, 2008 to 15343.12 on April 4, 2008. There was a big rally after that to 17490.9 till May 5, 2008. And everybody knows what happened after that.
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