Two years later

March 2008:

JPMorgan Chase said Sunday it will acquire rival Bear Stearns for a bargain-basement $236.2 million - or $2 a share - a stunning collapse for one of the world's largest and most storied investment banks.

So what does the ex- chief economist from Bear Sterns have to say? Bruce Bartlett has the lowdown:

As many of you know, I believe strongly in our country’s future, but have been dismayed at the decisions Washington has been making and their impact on New York state. The problems go across the board – astronomical debt, out-of-control spending and taxes, federal decisions that undermine our security, health care legislation that would appall the drafters of the Constitution, and more.

As a result, I’ve been exploring a run for the U.S. Senate seat held by Sen. Gillibrand and wanted to give you an update.

OK, I get that most politicians are replaceable, but this is absurd.