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Ex-SD.
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March 17, 2008 at 4:11 PM #172324March 17, 2008 at 6:56 PM #171967
Deal Hunter
Participantdrunkle, you’re right. I wouldn’t pay more than $2 per share for the IB’s that took on those derivatives. Raising the interest rate, would make their building in Manhattan more valuable, but that’s it.
It’s the battle for paper assets that the Fed is trying to win. Of course, in the process they’re turning the US Dollar into Charmin.
March 17, 2008 at 6:56 PM #172299Participantdrunkle, you’re right. I wouldn’t pay more than $2 per share for the IB’s that took on those derivatives. Raising the interest rate, would make their building in Manhattan more valuable, but that’s it.
It’s the battle for paper assets that the Fed is trying to win. Of course, in the process they’re turning the US Dollar into Charmin.
March 17, 2008 at 6:56 PM #172303Participantdrunkle, you’re right. I wouldn’t pay more than $2 per share for the IB’s that took on those derivatives. Raising the interest rate, would make their building in Manhattan more valuable, but that’s it.
It’s the battle for paper assets that the Fed is trying to win. Of course, in the process they’re turning the US Dollar into Charmin.
March 17, 2008 at 6:56 PM #172326Participantdrunkle, you’re right. I wouldn’t pay more than $2 per share for the IB’s that took on those derivatives. Raising the interest rate, would make their building in Manhattan more valuable, but that’s it.
It’s the battle for paper assets that the Fed is trying to win. Of course, in the process they’re turning the US Dollar into Charmin.
March 17, 2008 at 6:56 PM #172405Participantdrunkle, you’re right. I wouldn’t pay more than $2 per share for the IB’s that took on those derivatives. Raising the interest rate, would make their building in Manhattan more valuable, but that’s it.
It’s the battle for paper assets that the Fed is trying to win. Of course, in the process they’re turning the US Dollar into Charmin.
March 17, 2008 at 10:09 PM #172042equalizer
ParticipantJamie Dimon just committed outright theft from the US taxpayers and BSC employees. Some crazy lunatic theory? Nope, most of the posters and many of the professionals on the WSJ.com stated this today. The proof: the stock price of JPMorgan up 10% today.
March 17, 2008 at 10:09 PM #172373ParticipantJamie Dimon just committed outright theft from the US taxpayers and BSC employees. Some crazy lunatic theory? Nope, most of the posters and many of the professionals on the WSJ.com stated this today. The proof: the stock price of JPMorgan up 10% today.
March 17, 2008 at 10:09 PM #172380ParticipantJamie Dimon just committed outright theft from the US taxpayers and BSC employees. Some crazy lunatic theory? Nope, most of the posters and many of the professionals on the WSJ.com stated this today. The proof: the stock price of JPMorgan up 10% today.
March 17, 2008 at 10:09 PM #172398ParticipantJamie Dimon just committed outright theft from the US taxpayers and BSC employees. Some crazy lunatic theory? Nope, most of the posters and many of the professionals on the WSJ.com stated this today. The proof: the stock price of JPMorgan up 10% today.
March 17, 2008 at 10:09 PM #172478ParticipantJamie Dimon just committed outright theft from the US taxpayers and BSC employees. Some crazy lunatic theory? Nope, most of the posters and many of the professionals on the WSJ.com stated this today. The proof: the stock price of JPMorgan up 10% today.
March 17, 2008 at 10:19 PM #172052an
ParticipantBear wasn’t sold for $2/share. JP Morgan Chase offered $2/share. Bear still have an chance to reject this offer or negotiate. There might even be a different offer all together. The point is that this deal is not closed and the market treat it that way. Why do you think BSC closed today at $4.81 when JP offered $2? The lowest it went today was $2.84, still well over the $2 offered.
I don’t like bail out just like the next guy, especially when it’s more the big wigs. However, like golfgal point out, you also have to consider what would have happened if the were no bail out and FED defended the dollar and raised rates instead of lowering it the last several months. The worse case would be major bank failure/bankruptcy. Which will make it nearly impossible to get a mortgage. Since rates would be higher, all the sub-prime and most of the alt-A will go into foreclosure. This would hemorrhage from top to bottom. Sure, the saver might think they’re insulated now, but what would happened if all of this cause a depression and most of us lost our jobs for 2-4 years. Do you have enough cash to survive that long? If so, would you have extra $ to take advantage of the hard crash? Just trying to play devil’s advocate, but there’s no silver bullet. We have to pick the lesser of the 2 evils, and I have to assume that all those people running the FED are smarter than all of us on this board, or else, God help us all.
March 17, 2008 at 10:19 PM #172384ParticipantBear wasn’t sold for $2/share. JP Morgan Chase offered $2/share. Bear still have an chance to reject this offer or negotiate. There might even be a different offer all together. The point is that this deal is not closed and the market treat it that way. Why do you think BSC closed today at $4.81 when JP offered $2? The lowest it went today was $2.84, still well over the $2 offered.
I don’t like bail out just like the next guy, especially when it’s more the big wigs. However, like golfgal point out, you also have to consider what would have happened if the were no bail out and FED defended the dollar and raised rates instead of lowering it the last several months. The worse case would be major bank failure/bankruptcy. Which will make it nearly impossible to get a mortgage. Since rates would be higher, all the sub-prime and most of the alt-A will go into foreclosure. This would hemorrhage from top to bottom. Sure, the saver might think they’re insulated now, but what would happened if all of this cause a depression and most of us lost our jobs for 2-4 years. Do you have enough cash to survive that long? If so, would you have extra $ to take advantage of the hard crash? Just trying to play devil’s advocate, but there’s no silver bullet. We have to pick the lesser of the 2 evils, and I have to assume that all those people running the FED are smarter than all of us on this board, or else, God help us all.
March 17, 2008 at 10:19 PM #172388ParticipantBear wasn’t sold for $2/share. JP Morgan Chase offered $2/share. Bear still have an chance to reject this offer or negotiate. There might even be a different offer all together. The point is that this deal is not closed and the market treat it that way. Why do you think BSC closed today at $4.81 when JP offered $2? The lowest it went today was $2.84, still well over the $2 offered.
I don’t like bail out just like the next guy, especially when it’s more the big wigs. However, like golfgal point out, you also have to consider what would have happened if the were no bail out and FED defended the dollar and raised rates instead of lowering it the last several months. The worse case would be major bank failure/bankruptcy. Which will make it nearly impossible to get a mortgage. Since rates would be higher, all the sub-prime and most of the alt-A will go into foreclosure. This would hemorrhage from top to bottom. Sure, the saver might think they’re insulated now, but what would happened if all of this cause a depression and most of us lost our jobs for 2-4 years. Do you have enough cash to survive that long? If so, would you have extra $ to take advantage of the hard crash? Just trying to play devil’s advocate, but there’s no silver bullet. We have to pick the lesser of the 2 evils, and I have to assume that all those people running the FED are smarter than all of us on this board, or else, God help us all.
March 17, 2008 at 10:19 PM #172409ParticipantBear wasn’t sold for $2/share. JP Morgan Chase offered $2/share. Bear still have an chance to reject this offer or negotiate. There might even be a different offer all together. The point is that this deal is not closed and the market treat it that way. Why do you think BSC closed today at $4.81 when JP offered $2? The lowest it went today was $2.84, still well over the $2 offered.
I don’t like bail out just like the next guy, especially when it’s more the big wigs. However, like golfgal point out, you also have to consider what would have happened if the were no bail out and FED defended the dollar and raised rates instead of lowering it the last several months. The worse case would be major bank failure/bankruptcy. Which will make it nearly impossible to get a mortgage. Since rates would be higher, all the sub-prime and most of the alt-A will go into foreclosure. This would hemorrhage from top to bottom. Sure, the saver might think they’re insulated now, but what would happened if all of this cause a depression and most of us lost our jobs for 2-4 years. Do you have enough cash to survive that long? If so, would you have extra $ to take advantage of the hard crash? Just trying to play devil’s advocate, but there’s no silver bullet. We have to pick the lesser of the 2 evils, and I have to assume that all those people running the FED are smarter than all of us on this board, or else, God help us all.
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