Housing and credit crisis sink Florida consumer confidence five points
GAINESVILLE, Fla. Florida s consumer confidence fell five points to 68 in March, reflecting growing pessimism about the national economy in the midst of the housing and credit crisis, a new University of Florida study reports. The overall index is two points below its January level, which then marked its worst record in 16 years, said Chris McCarty, director of UF s Survey Research Center at the Bureau of Economic and Business Research. In February, it rose three points to 73 before dropping
Bear Stearns shareholders don’t like “The Deal”
They want more. Well, too damn bad I say, let the damn bank collapse then. Gawd this crap is jacking my jaw, would they rather get nothing? From the NYT: The sweetened offer is intended to win over stockholders who vowed to fight the original fire-sale deal, struck only a week ago at the behest of the Federal Reserve and Treasury Department. Under the terms being discussed, JPMorgan would pay $10 a share in stock for Bear, up from its initial offer of $2 a share a figure that represented a m