LOLFED

Prince Al-Waleed, Savior of Citigroup

Thanks to the Fed (and Jamie Dimon’s balls of steel), JPMorgan was able to get the Bear Stearns deal done without any sovereign cash. There’s more liquid elsewhere than there is here, and a few other banks floundering about; it’s lookin kinda rough at Merrill for sure. Think we’ll see any big money from overseas pick up one of them before this is over?