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Least Frivolous Lawsuit Ever

A 21-year-old Harris County woman filed a $200,000 lawsuit against American Airlines alleging employees on a flight to Los Angeles from Dallas/Fort Worth Airport failed to protect her while she slept from another passenger who masturbated to her and ejaculated in her hair, according to a lawsuit she filed last week in Tarrant County. $200,000? …

Bear Stearns defines “Liquidity Problem”

JPM: “Hi this is JP Morgan” BSC: “Hi, this is Bear Stearns. We have some ugly positions that we’d like to get out of. Could you give us a market, because um they are really big and no one else can really service us.” JPM: “No problem. How about this, you give us your firm.” …