Saturday, March 29, 2008

Memo To JPMorgan: Always Check The Fine Print

http://community.investopedia.com/news/IA/2008/Memo_To_JPMorgan_Always_Check_The_Fine_Print.aspx?partner=IAI

When I think about MIS, I also think about contracts and licenses... I think that if you cannot understand what the terms of any product, software, or good that you purchase or obtain from any other business or company you will be in big trouble if there were some scrutinized terms. In this article, it deals with JPMorgan and Bearsterns and how Bearstern's stockholders want JPMorgan to pay the company more because they think its valued more than what JPMorgan has been paying Bearsterns... Imagine acquiring a new system without reading any fine prints and you could have disaster on your hands. Definite procedure meltdown.

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