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

[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.

[drunkle]

i think you’re hoping that saving a bank or two is going to save us from financial ruin… it wont.

i’m not hoping that the banks fail, i’m nearly certain that many will fail or if not outright fail, lose lots of “value”, ie., stock price.

there’s no “adding fuel to the fire”, short positions are a minority compared to longs. short positions would end worthless if the companies were in good shape. the companies are fueling the fire by lying about their positions, they made their beds by taking advantage of deregulation and running hog fucking wild with free money.

bank runs are nearly certain to happen. the little guy is hurt by putting all his trust in the corporation, the fed, the government, the ratings agencies, the major media outlets. i and others here taking short positions are trying to not get as hurt. self preservation and i’m surprised to hear anyone chastizing us for doing the smart thing.

edit:
do you chastize rich for having taken positions in gold? he was certain of the downfall of housing and the dollar, does he deserve to be admonished for being right?

[drunkle]

i think you’re hoping that saving a bank or two is going to save us from financial ruin… it wont.

i’m not hoping that the banks fail, i’m nearly certain that many will fail or if not outright fail, lose lots of “value”, ie., stock price.

there’s no “adding fuel to the fire”, short positions are a minority compared to longs. short positions would end worthless if the companies were in good shape. the companies are fueling the fire by lying about their positions, they made their beds by taking advantage of deregulation and running hog fucking wild with free money.

bank runs are nearly certain to happen. the little guy is hurt by putting all his trust in the corporation, the fed, the government, the ratings agencies, the major media outlets. i and others here taking short positions are trying to not get as hurt. self preservation and i’m surprised to hear anyone chastizing us for doing the smart thing.

edit:
do you chastize rich for having taken positions in gold? he was certain of the downfall of housing and the dollar, does he deserve to be admonished for being right?

[drunkle]

i think you’re hoping that saving a bank or two is going to save us from financial ruin… it wont.

i’m not hoping that the banks fail, i’m nearly certain that many will fail or if not outright fail, lose lots of “value”, ie., stock price.

there’s no “adding fuel to the fire”, short positions are a minority compared to longs. short positions would end worthless if the companies were in good shape. the companies are fueling the fire by lying about their positions, they made their beds by taking advantage of deregulation and running hog fucking wild with free money.

bank runs are nearly certain to happen. the little guy is hurt by putting all his trust in the corporation, the fed, the government, the ratings agencies, the major media outlets. i and others here taking short positions are trying to not get as hurt. self preservation and i’m surprised to hear anyone chastizing us for doing the smart thing.

edit:
do you chastize rich for having taken positions in gold? he was certain of the downfall of housing and the dollar, does he deserve to be admonished for being right?

[drunkle]

i think you’re hoping that saving a bank or two is going to save us from financial ruin… it wont.

i’m not hoping that the banks fail, i’m nearly certain that many will fail or if not outright fail, lose lots of “value”, ie., stock price.

there’s no “adding fuel to the fire”, short positions are a minority compared to longs. short positions would end worthless if the companies were in good shape. the companies are fueling the fire by lying about their positions, they made their beds by taking advantage of deregulation and running hog fucking wild with free money.

bank runs are nearly certain to happen. the little guy is hurt by putting all his trust in the corporation, the fed, the government, the ratings agencies, the major media outlets. i and others here taking short positions are trying to not get as hurt. self preservation and i’m surprised to hear anyone chastizing us for doing the smart thing.

edit:
do you chastize rich for having taken positions in gold? he was certain of the downfall of housing and the dollar, does he deserve to be admonished for being right?

[drunkle]

i think you’re hoping that saving a bank or two is going to save us from financial ruin… it wont.

i’m not hoping that the banks fail, i’m nearly certain that many will fail or if not outright fail, lose lots of “value”, ie., stock price.

there’s no “adding fuel to the fire”, short positions are a minority compared to longs. short positions would end worthless if the companies were in good shape. the companies are fueling the fire by lying about their positions, they made their beds by taking advantage of deregulation and running hog fucking wild with free money.

bank runs are nearly certain to happen. the little guy is hurt by putting all his trust in the corporation, the fed, the government, the ratings agencies, the major media outlets. i and others here taking short positions are trying to not get as hurt. self preservation and i’m surprised to hear anyone chastizing us for doing the smart thing.

edit:
do you chastize rich for having taken positions in gold? he was certain of the downfall of housing and the dollar, does he deserve to be admonished for being right?

[34f3f3f]

The offer has not been accepted by BS shareholders.

[34f3f3f]

The offer has not been accepted by BS shareholders.

[34f3f3f]

The offer has not been accepted by BS shareholders.

[34f3f3f]

The offer has not been accepted by BS shareholders.

[34f3f3f]

The offer has not been accepted by BS shareholders.

[zzz]

I really hate repeating myself – I NEVER said you shouldn’t short the market or profit from it, I simply said based on the previous posts about people laughing all the way to the bank – don’t be too happy about banks failing – just be careful what you wish for is ALL I’m saying…if you would like to see our banking system in financial ruin, then it means that WE too – yes us the little people – will all be in financial ruin as well.

[zzz]

I really hate repeating myself – I NEVER said you shouldn’t short the market or profit from it, I simply said based on the previous posts about people laughing all the way to the bank – don’t be too happy about banks failing – just be careful what you wish for is ALL I’m saying…if you would like to see our banking system in financial ruin, then it means that WE too – yes us the little people – will all be in financial ruin as well.

[zzz]

I really hate repeating myself – I NEVER said you shouldn’t short the market or profit from it, I simply said based on the previous posts about people laughing all the way to the bank – don’t be too happy about banks failing – just be careful what you wish for is ALL I’m saying…if you would like to see our banking system in financial ruin, then it means that WE too – yes us the little people – will all be in financial ruin as well.

[zzz]

I really hate repeating myself – I NEVER said you shouldn’t short the market or profit from it, I simply said based on the previous posts about people laughing all the way to the bank – don’t be too happy about banks failing – just be careful what you wish for is ALL I’m saying…if you would like to see our banking system in financial ruin, then it means that WE too – yes us the little people – will all be in financial ruin as well.

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