James Forsyth James Forsyth

Beckham worth more than Bear Stearns

If you want to get a handle on just how cheaply Bear Stearns was sold, consider this,  David Beckham’s contract with the LA Galaxy is worth more than what JP Morgan paid for ailing investment banker. JP Morgan has already realised one big advantage from its purchase: its moving into  the Madison Avenue HQ of Bear Stearns.

Comments

Join the debate for just $5 for 3 months

Be part of the conversation with other Spectator readers by getting your first three months for $5.

Already a subscriber? Log in