James Forsyth

Beckham worth more than Bear Stearns

Beckham worth more than Bear Stearns
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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.

Written byJames Forsyth

James Forsyth is Political Editor of the Spectator. He is also a columnist in The Sun.

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