JPM offers to buy Bear for $2/shared; Fed cuts discount rate

[cashflow]

Here’s a take on Lehman….”We’re not Bear, and We’re Not Screwed”

http://finance.yahoo.com/tech-ticker/article/7226/Lehman:-We’re-Not-Bear,-and-We’re-Not-Screwed?tickers=leh,bsc

I guess time will tell how liquid they actually are….

[zzz]

cashflow- You should reconsider reading anything written by Blodget – he was banned from the securities industry by the SEC due to the Merrill chinese wall scandal. The man is a crook and a liar.

[zzz]

cashflow- You should reconsider reading anything written by Blodget – he was banned from the securities industry by the SEC due to the Merrill chinese wall scandal. The man is a crook and a liar.

[zzz]

cashflow- You should reconsider reading anything written by Blodget – he was banned from the securities industry by the SEC due to the Merrill chinese wall scandal. The man is a crook and a liar.

[zzz]

cashflow- You should reconsider reading anything written by Blodget – he was banned from the securities industry by the SEC due to the Merrill chinese wall scandal. The man is a crook and a liar.

[zzz]

cashflow- You should reconsider reading anything written by Blodget – he was banned from the securities industry by the SEC due to the Merrill chinese wall scandal. The man is a crook and a liar.

[drunkle]

golfgal:

the fed gave jpm 30 bil to take over bsc. how much more money does the fed have? what happens if they try to bail out every? you’re talking about bad and worse, they’re screwed, they’re all screwed and we’re all screwed right along with them. there’s no stopping it, but at least we can try and take advantage of it and help our own situations.

flu:

screw spending your own money! take the angel cash, it’s a stronger motivator since you have outside obligations and it’s reduced risk to you.

[drunkle]

golfgal:

the fed gave jpm 30 bil to take over bsc. how much more money does the fed have? what happens if they try to bail out every? you’re talking about bad and worse, they’re screwed, they’re all screwed and we’re all screwed right along with them. there’s no stopping it, but at least we can try and take advantage of it and help our own situations.

flu:

screw spending your own money! take the angel cash, it’s a stronger motivator since you have outside obligations and it’s reduced risk to you.

[drunkle]

golfgal:

the fed gave jpm 30 bil to take over bsc. how much more money does the fed have? what happens if they try to bail out every? you’re talking about bad and worse, they’re screwed, they’re all screwed and we’re all screwed right along with them. there’s no stopping it, but at least we can try and take advantage of it and help our own situations.

flu:

screw spending your own money! take the angel cash, it’s a stronger motivator since you have outside obligations and it’s reduced risk to you.

[drunkle]

golfgal:

the fed gave jpm 30 bil to take over bsc. how much more money does the fed have? what happens if they try to bail out every? you’re talking about bad and worse, they’re screwed, they’re all screwed and we’re all screwed right along with them. there’s no stopping it, but at least we can try and take advantage of it and help our own situations.

flu:

screw spending your own money! take the angel cash, it’s a stronger motivator since you have outside obligations and it’s reduced risk to you.

[drunkle]

golfgal:

the fed gave jpm 30 bil to take over bsc. how much more money does the fed have? what happens if they try to bail out every? you’re talking about bad and worse, they’re screwed, they’re all screwed and we’re all screwed right along with them. there’s no stopping it, but at least we can try and take advantage of it and help our own situations.

flu:

screw spending your own money! take the angel cash, it’s a stronger motivator since you have outside obligations and it’s reduced risk to you.

[zzz]

drunkle- Never said anything about not shorting stocks for personal gain – the stock market exists to make money…..Just saying, people might want to take pause before adding fuel to the fire hoping that more banking stocks tank, or better yet completely fail- making you a crapload in your short…IF you’re also willing to see a mass run on banks, or your bank fail and wonder what happened to all your hard earned $$ or when you’ll get them back. Everyone looks to take advantage of someone else’s peril- last week every major wall st bank was looking at stealing deals from bear, furthering their deterioration.

The Fed didn’t bail out Bear’s shareholders – it bailed out its creditors, customers, trading partners, etc…would it have been smart to let Bear default on its 13+ Trillion notional derivative contracts ( in their last 10K filing), or let its 30B+ assets under management in their BSAM business, go to SIPC/FDIC insurance? Now it makes the 30B look cheap doesn’t it?

The Fed bailed out 1 bank because it could not afford not to. I think you fail to understand the interdependency of all these banks – it does not behoove any of them to watch their competition fail as their competition is also the counterparty on trades, contracts. The failure of any 1 major bank leads to much broader consquequences including hurting the little guy – that would be you and me. Do you know what a mass liquidiation would have done to the market and its trickle down effects on valuations? You think it hits you in the tax dollars now, just wait if big banks are allowed to fail.

[zzz]

drunkle- Never said anything about not shorting stocks for personal gain – the stock market exists to make money…..Just saying, people might want to take pause before adding fuel to the fire hoping that more banking stocks tank, or better yet completely fail- making you a crapload in your short…IF you’re also willing to see a mass run on banks, or your bank fail and wonder what happened to all your hard earned $$ or when you’ll get them back. Everyone looks to take advantage of someone else’s peril- last week every major wall st bank was looking at stealing deals from bear, furthering their deterioration.

The Fed didn’t bail out Bear’s shareholders – it bailed out its creditors, customers, trading partners, etc…would it have been smart to let Bear default on its 13+ Trillion notional derivative contracts ( in their last 10K filing), or let its 30B+ assets under management in their BSAM business, go to SIPC/FDIC insurance? Now it makes the 30B look cheap doesn’t it?

The Fed bailed out 1 bank because it could not afford not to. I think you fail to understand the interdependency of all these banks – it does not behoove any of them to watch their competition fail as their competition is also the counterparty on trades, contracts. The failure of any 1 major bank leads to much broader consquequences including hurting the little guy – that would be you and me. Do you know what a mass liquidiation would have done to the market and its trickle down effects on valuations? You think it hits you in the tax dollars now, just wait if big banks are allowed to fail.

[zzz]

drunkle- Never said anything about not shorting stocks for personal gain – the stock market exists to make money…..Just saying, people might want to take pause before adding fuel to the fire hoping that more banking stocks tank, or better yet completely fail- making you a crapload in your short…IF you’re also willing to see a mass run on banks, or your bank fail and wonder what happened to all your hard earned $$ or when you’ll get them back. Everyone looks to take advantage of someone else’s peril- last week every major wall st bank was looking at stealing deals from bear, furthering their deterioration.

The Fed didn’t bail out Bear’s shareholders – it bailed out its creditors, customers, trading partners, etc…would it have been smart to let Bear default on its 13+ Trillion notional derivative contracts ( in their last 10K filing), or let its 30B+ assets under management in their BSAM business, go to SIPC/FDIC insurance? Now it makes the 30B look cheap doesn’t it?

The Fed bailed out 1 bank because it could not afford not to. I think you fail to understand the interdependency of all these banks – it does not behoove any of them to watch their competition fail as their competition is also the counterparty on trades, contracts. The failure of any 1 major bank leads to much broader consquequences including hurting the little guy – that would be you and me. Do you know what a mass liquidiation would have done to the market and its trickle down effects on valuations? You think it hits you in the tax dollars now, just wait if big banks are allowed to fail.

[zzz]

drunkle- Never said anything about not shorting stocks for personal gain – the stock market exists to make money…..Just saying, people might want to take pause before adding fuel to the fire hoping that more banking stocks tank, or better yet completely fail- making you a crapload in your short…IF you’re also willing to see a mass run on banks, or your bank fail and wonder what happened to all your hard earned $$ or when you’ll get them back. Everyone looks to take advantage of someone else’s peril- last week every major wall st bank was looking at stealing deals from bear, furthering their deterioration.

The Fed didn’t bail out Bear’s shareholders – it bailed out its creditors, customers, trading partners, etc…would it have been smart to let Bear default on its 13+ Trillion notional derivative contracts ( in their last 10K filing), or let its 30B+ assets under management in their BSAM business, go to SIPC/FDIC insurance? Now it makes the 30B look cheap doesn’t it?

The Fed bailed out 1 bank because it could not afford not to. I think you fail to understand the interdependency of all these banks – it does not behoove any of them to watch their competition fail as their competition is also the counterparty on trades, contracts. The failure of any 1 major bank leads to much broader consquequences including hurting the little guy – that would be you and me. Do you know what a mass liquidiation would have done to the market and its trickle down effects on valuations? You think it hits you in the tax dollars now, just wait if big banks are allowed to fail.

[Author]

Posts