Mar 17, 2008

working overtime

“I want to thank you, Mr. Secretary, for working over the weekend."
President Bush, thanking Treasury Secretary Henry Paulson for, ya know, putting in a few extra hours to prop up the financial markets.

Speaking of which, there was a piece in the Times on Sunday morning before the JP Morgan deal was announced that valued the Bear Stearns tower in midtown at $1 billion.  Compare and contrast that figure with the $270 million purchase price for the firm...including the real estate.