Wednesday, March 26, 2008

Protesters Enter Bear Stearns Headquarters -

Well, this is a new one. Twenty-five years on Wall Street, and I don't ever remember a sit-in at a brokerage firm.

According to the article, 60 protesters demonstrated in the lobby of Bear Stearns' building to protest the lack of a federal bailout for homeowners.

I am a bit puzzled by the connection between the Fed's guarantee of Bear Stearns assets and a bailout of homeowners who thought they were being clever in taking interest-only mortgages, or adjustables that they could not afford. But I guess their slogan "Help Main Street Not Wall Street" was a catchy phrase.

The whole thing apparently lasted a half hour.

Protesters enter Bear Stearns headquarters - Yahoo! News
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