Pros and Cons of saving Bear Sterns

[drunkle]

golfgal:

i’m merely calling you out on your condescending attitude. “you should Google Great Depression”, “be careful what you wish for” and “its a naive to believe that only the rich bastards will suffer”.

nobody knows what to do, people are angry, people are trying to cope and yet you sit on a high horse, ignore the lack of responsibility that these bastards exhibit and admonish people that if it weren’t for our great and mighty corporate bankers, we’d all be pig fodder. please.

[Deal Hunter]

14,000 Bear Stearns employees. 100% of them took a combination of wage plus stock options as compensation for their work. 7,000 will be laid off and ALL of them have experienced a 90% decline in their net worth and 401Ks. Not all these people are big corporate jocks. Some of them are middle managment and some are entry level clerks. All have suffered.

However, if Bear hadn’t been “sacrificed” in this manner, there would be much more than 7,000 financial market employees affected by the bankruptcy/folding of Bear Stearns. At risk were all the other financial institutions like Lehman, Goldman, Merrill, etc. Estimated about 100,000 employees.

Now, having said all that… it does give me pause that the Fed went all out to save the big 6 remaining investment houses and 100,000 employees, but so far remain cold to the fate of 2 million distressed homeowners?

If the Fed would stop lowering rates, RAISE the rates and in turn return some value to assets like real estate, then perhaps the 2 million homeowners would face a far better financial picture. Obviously, without the powerful lobby of the banks, the Fed is hard pressed to do such a thing for homeowners.

[Deal Hunter]

14,000 Bear Stearns employees. 100% of them took a combination of wage plus stock options as compensation for their work. 7,000 will be laid off and ALL of them have experienced a 90% decline in their net worth and 401Ks. Not all these people are big corporate jocks. Some of them are middle managment and some are entry level clerks. All have suffered.

However, if Bear hadn’t been “sacrificed” in this manner, there would be much more than 7,000 financial market employees affected by the bankruptcy/folding of Bear Stearns. At risk were all the other financial institutions like Lehman, Goldman, Merrill, etc. Estimated about 100,000 employees.

Now, having said all that… it does give me pause that the Fed went all out to save the big 6 remaining investment houses and 100,000 employees, but so far remain cold to the fate of 2 million distressed homeowners?

If the Fed would stop lowering rates, RAISE the rates and in turn return some value to assets like real estate, then perhaps the 2 million homeowners would face a far better financial picture. Obviously, without the powerful lobby of the banks, the Fed is hard pressed to do such a thing for homeowners.

[Deal Hunter]

14,000 Bear Stearns employees. 100% of them took a combination of wage plus stock options as compensation for their work. 7,000 will be laid off and ALL of them have experienced a 90% decline in their net worth and 401Ks. Not all these people are big corporate jocks. Some of them are middle managment and some are entry level clerks. All have suffered.

However, if Bear hadn’t been “sacrificed” in this manner, there would be much more than 7,000 financial market employees affected by the bankruptcy/folding of Bear Stearns. At risk were all the other financial institutions like Lehman, Goldman, Merrill, etc. Estimated about 100,000 employees.

Now, having said all that… it does give me pause that the Fed went all out to save the big 6 remaining investment houses and 100,000 employees, but so far remain cold to the fate of 2 million distressed homeowners?

If the Fed would stop lowering rates, RAISE the rates and in turn return some value to assets like real estate, then perhaps the 2 million homeowners would face a far better financial picture. Obviously, without the powerful lobby of the banks, the Fed is hard pressed to do such a thing for homeowners.

[Deal Hunter]

14,000 Bear Stearns employees. 100% of them took a combination of wage plus stock options as compensation for their work. 7,000 will be laid off and ALL of them have experienced a 90% decline in their net worth and 401Ks. Not all these people are big corporate jocks. Some of them are middle managment and some are entry level clerks. All have suffered.

However, if Bear hadn’t been “sacrificed” in this manner, there would be much more than 7,000 financial market employees affected by the bankruptcy/folding of Bear Stearns. At risk were all the other financial institutions like Lehman, Goldman, Merrill, etc. Estimated about 100,000 employees.

Now, having said all that… it does give me pause that the Fed went all out to save the big 6 remaining investment houses and 100,000 employees, but so far remain cold to the fate of 2 million distressed homeowners?

If the Fed would stop lowering rates, RAISE the rates and in turn return some value to assets like real estate, then perhaps the 2 million homeowners would face a far better financial picture. Obviously, without the powerful lobby of the banks, the Fed is hard pressed to do such a thing for homeowners.

[Deal Hunter]

14,000 Bear Stearns employees. 100% of them took a combination of wage plus stock options as compensation for their work. 7,000 will be laid off and ALL of them have experienced a 90% decline in their net worth and 401Ks. Not all these people are big corporate jocks. Some of them are middle managment and some are entry level clerks. All have suffered.

However, if Bear hadn’t been “sacrificed” in this manner, there would be much more than 7,000 financial market employees affected by the bankruptcy/folding of Bear Stearns. At risk were all the other financial institutions like Lehman, Goldman, Merrill, etc. Estimated about 100,000 employees.

Now, having said all that… it does give me pause that the Fed went all out to save the big 6 remaining investment houses and 100,000 employees, but so far remain cold to the fate of 2 million distressed homeowners?

If the Fed would stop lowering rates, RAISE the rates and in turn return some value to assets like real estate, then perhaps the 2 million homeowners would face a far better financial picture. Obviously, without the powerful lobby of the banks, the Fed is hard pressed to do such a thing for homeowners.

[Anonymous]

The Average salary of a Bear Stearns employee in 2007 was over $600,000. Screw them all..

[Anonymous]

The Average salary of a Bear Stearns employee in 2007 was over $600,000. Screw them all..

[Anonymous]

The Average salary of a Bear Stearns employee in 2007 was over $600,000. Screw them all..

[Anonymous]

The Average salary of a Bear Stearns employee in 2007 was over $600,000. Screw them all..

[Anonymous]

The Average salary of a Bear Stearns employee in 2007 was over $600,000. Screw them all..

[drunkle]

deal hunter:

no matter what, a price has been set on the assets. bear stearns’ holdings were sold for $2/share. all the other ib’s, brokerages, cb’s, etc have been given a ceiling.

[drunkle]

deal hunter:

no matter what, a price has been set on the assets. bear stearns’ holdings were sold for $2/share. all the other ib’s, brokerages, cb’s, etc have been given a ceiling.

[drunkle]

deal hunter:

no matter what, a price has been set on the assets. bear stearns’ holdings were sold for $2/share. all the other ib’s, brokerages, cb’s, etc have been given a ceiling.

[drunkle]

deal hunter:

no matter what, a price has been set on the assets. bear stearns’ holdings were sold for $2/share. all the other ib’s, brokerages, cb’s, etc have been given a ceiling.

[Author]

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