- This topic has 25 replies, 3 voices, and was last updated 16 years, 5 months ago by
TheBreeze.
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AuthorPosts
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March 16, 2008 at 3:13 PM #12130March 16, 2008 at 4:18 PM #170992
TheBreeze
ParticipantI think options (a) and (b) are both likely (at least based on what I’ve read). And what about option (c) Lehman, the potential buyer in this case, owns securities that are similar to securities owned by Bear and these securities are “marked-to-model”. If Bear is forced to sell these securities in a fire sale, these securities would have to be marked-to-market and now Lehman is looking at bankruptcy.
Dow 10,000 on Monday?
March 16, 2008 at 4:18 PM #171431TheBreeze
ParticipantI think options (a) and (b) are both likely (at least based on what I’ve read). And what about option (c) Lehman, the potential buyer in this case, owns securities that are similar to securities owned by Bear and these securities are “marked-to-model”. If Bear is forced to sell these securities in a fire sale, these securities would have to be marked-to-market and now Lehman is looking at bankruptcy.
Dow 10,000 on Monday?
March 16, 2008 at 4:18 PM #171325TheBreeze
ParticipantI think options (a) and (b) are both likely (at least based on what I’ve read). And what about option (c) Lehman, the potential buyer in this case, owns securities that are similar to securities owned by Bear and these securities are “marked-to-model”. If Bear is forced to sell these securities in a fire sale, these securities would have to be marked-to-market and now Lehman is looking at bankruptcy.
Dow 10,000 on Monday?
March 16, 2008 at 4:18 PM #171328TheBreeze
ParticipantI think options (a) and (b) are both likely (at least based on what I’ve read). And what about option (c) Lehman, the potential buyer in this case, owns securities that are similar to securities owned by Bear and these securities are “marked-to-model”. If Bear is forced to sell these securities in a fire sale, these securities would have to be marked-to-market and now Lehman is looking at bankruptcy.
Dow 10,000 on Monday?
March 16, 2008 at 4:18 PM #171348TheBreeze
ParticipantI think options (a) and (b) are both likely (at least based on what I’ve read). And what about option (c) Lehman, the potential buyer in this case, owns securities that are similar to securities owned by Bear and these securities are “marked-to-model”. If Bear is forced to sell these securities in a fire sale, these securities would have to be marked-to-market and now Lehman is looking at bankruptcy.
Dow 10,000 on Monday?
March 16, 2008 at 4:30 PM #171002davelj
ParticipantYup, Breeze, I think you’re right:
http://online.wsj.com/article/SB120569598608739825.html
$2/share in stock (to add insult to injury). Whoa, Daddy.
From the article:
“One stumbling point appeared to be the amount of risk that J.P. Morgan would absorb in any type of transaction. While J.P. Morgan is eager to snap up some of Bear Stearns assets — such as its prime brokerage business that caters to hedge funds — Chief Executive Officer James Dimon was reluctant to pursue the deal without certain assurances that would protect his firm’s exposure, said people familiar with the matter.”
Uh huh… “certain assurances that would protect his firm’s exposures.” I think we know what that means. Looks like we taxpayers will be funding Bear Stearns’ losses after all. It sure as hell ain’t gonna be JP Morgan Chase. Dimon’s no dummy… for now at least. He had Bear and the US taxpayers (via the Fed) over a barrel… and boned all of us. Well done.
March 16, 2008 at 4:30 PM #171441davelj
ParticipantYup, Breeze, I think you’re right:
http://online.wsj.com/article/SB120569598608739825.html
$2/share in stock (to add insult to injury). Whoa, Daddy.
From the article:
“One stumbling point appeared to be the amount of risk that J.P. Morgan would absorb in any type of transaction. While J.P. Morgan is eager to snap up some of Bear Stearns assets — such as its prime brokerage business that caters to hedge funds — Chief Executive Officer James Dimon was reluctant to pursue the deal without certain assurances that would protect his firm’s exposure, said people familiar with the matter.”
Uh huh… “certain assurances that would protect his firm’s exposures.” I think we know what that means. Looks like we taxpayers will be funding Bear Stearns’ losses after all. It sure as hell ain’t gonna be JP Morgan Chase. Dimon’s no dummy… for now at least. He had Bear and the US taxpayers (via the Fed) over a barrel… and boned all of us. Well done.
March 16, 2008 at 4:30 PM #171335davelj
ParticipantYup, Breeze, I think you’re right:
http://online.wsj.com/article/SB120569598608739825.html
$2/share in stock (to add insult to injury). Whoa, Daddy.
From the article:
“One stumbling point appeared to be the amount of risk that J.P. Morgan would absorb in any type of transaction. While J.P. Morgan is eager to snap up some of Bear Stearns assets — such as its prime brokerage business that caters to hedge funds — Chief Executive Officer James Dimon was reluctant to pursue the deal without certain assurances that would protect his firm’s exposure, said people familiar with the matter.”
Uh huh… “certain assurances that would protect his firm’s exposures.” I think we know what that means. Looks like we taxpayers will be funding Bear Stearns’ losses after all. It sure as hell ain’t gonna be JP Morgan Chase. Dimon’s no dummy… for now at least. He had Bear and the US taxpayers (via the Fed) over a barrel… and boned all of us. Well done.
March 16, 2008 at 4:30 PM #171339davelj
ParticipantYup, Breeze, I think you’re right:
http://online.wsj.com/article/SB120569598608739825.html
$2/share in stock (to add insult to injury). Whoa, Daddy.
From the article:
“One stumbling point appeared to be the amount of risk that J.P. Morgan would absorb in any type of transaction. While J.P. Morgan is eager to snap up some of Bear Stearns assets — such as its prime brokerage business that caters to hedge funds — Chief Executive Officer James Dimon was reluctant to pursue the deal without certain assurances that would protect his firm’s exposure, said people familiar with the matter.”
Uh huh… “certain assurances that would protect his firm’s exposures.” I think we know what that means. Looks like we taxpayers will be funding Bear Stearns’ losses after all. It sure as hell ain’t gonna be JP Morgan Chase. Dimon’s no dummy… for now at least. He had Bear and the US taxpayers (via the Fed) over a barrel… and boned all of us. Well done.
March 16, 2008 at 4:30 PM #171358davelj
ParticipantYup, Breeze, I think you’re right:
http://online.wsj.com/article/SB120569598608739825.html
$2/share in stock (to add insult to injury). Whoa, Daddy.
From the article:
“One stumbling point appeared to be the amount of risk that J.P. Morgan would absorb in any type of transaction. While J.P. Morgan is eager to snap up some of Bear Stearns assets — such as its prime brokerage business that caters to hedge funds — Chief Executive Officer James Dimon was reluctant to pursue the deal without certain assurances that would protect his firm’s exposure, said people familiar with the matter.”
Uh huh… “certain assurances that would protect his firm’s exposures.” I think we know what that means. Looks like we taxpayers will be funding Bear Stearns’ losses after all. It sure as hell ain’t gonna be JP Morgan Chase. Dimon’s no dummy… for now at least. He had Bear and the US taxpayers (via the Fed) over a barrel… and boned all of us. Well done.
March 16, 2008 at 4:38 PM #171364davelj
ParticipantThis is from the postings over on Calculated Risk:
***********
Marcus Aurelius writes:Transcript of final 30 seconds of negotiations:
BSC: Two.
JPM: One
BSC: Two.
JPM: One
BSC: Two.
FED: JPM, we’ll back you.
JPM: Okay, two.
**************
Bwhahahahahaha!!! Or is it boo hoo hoo hoo hoo? Hard to say.
March 16, 2008 at 4:38 PM #171466davelj
ParticipantThis is from the postings over on Calculated Risk:
***********
Marcus Aurelius writes:Transcript of final 30 seconds of negotiations:
BSC: Two.
JPM: One
BSC: Two.
JPM: One
BSC: Two.
FED: JPM, we’ll back you.
JPM: Okay, two.
**************
Bwhahahahahaha!!! Or is it boo hoo hoo hoo hoo? Hard to say.
March 16, 2008 at 4:38 PM #171383davelj
ParticipantThis is from the postings over on Calculated Risk:
***********
Marcus Aurelius writes:Transcript of final 30 seconds of negotiations:
BSC: Two.
JPM: One
BSC: Two.
JPM: One
BSC: Two.
FED: JPM, we’ll back you.
JPM: Okay, two.
**************
Bwhahahahahaha!!! Or is it boo hoo hoo hoo hoo? Hard to say.
March 16, 2008 at 4:38 PM #171361davelj
ParticipantThis is from the postings over on Calculated Risk:
***********
Marcus Aurelius writes:Transcript of final 30 seconds of negotiations:
BSC: Two.
JPM: One
BSC: Two.
JPM: One
BSC: Two.
FED: JPM, we’ll back you.
JPM: Okay, two.
**************
Bwhahahahahaha!!! Or is it boo hoo hoo hoo hoo? Hard to say.
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