Pros and Cons of saving Bear Sterns

[an]

No matter how smart anyone is, no one can fix human greed and stupidity. The bubble contains both. So, the fed is doing there best with what they got.

[TheBreeze]

This blog has been around since 2004. There are several other blogs out there that have warned of the dangers to our economy due to these 100%+ stated, cash back, no doc, no income loans that have been going on for years. Where has the Fed been during all this time?

If all of these individual bloggers with limited time and resources could see the coming danger for years, then how come the Fed with essentially unlimited time and resources couldn’t see it? It’s just ridiculous to think that the Fed is doing a great job now after totally ignoring this budding situation for years.

As for Bear, I don’t think the Fed backing was terrible. My understanding is that Bear is resonsible for clearing in certain markets and if they had gone under then there would have been a severe disruption. However, it still pisses me off to think about all these Bear assholes who were making million-dollar bonuses for essentially being scammers. And now the Fed has to come in with $30 billion of taxpayer money to essentially pay all those bonuses retroactively. Yeah, stuff like that tends to piss off your average American.

Like Ex-SD, I’m sick of hearing about all this Great Depression crap. The Fed has already proved they can’t find their ass with both hands by sitting on (some would say encouraging) this problem since at least 2004. To say that the Fed now has some magic Great Depression-prevention formula now is ridiculous. The ECB has clearly done a better job throughout this period. At least European savers aren’t getting anally-raped every day due to the collapse of their currency.

[TheBreeze]

This blog has been around since 2004. There are several other blogs out there that have warned of the dangers to our economy due to these 100%+ stated, cash back, no doc, no income loans that have been going on for years. Where has the Fed been during all this time?

If all of these individual bloggers with limited time and resources could see the coming danger for years, then how come the Fed with essentially unlimited time and resources couldn’t see it? It’s just ridiculous to think that the Fed is doing a great job now after totally ignoring this budding situation for years.

As for Bear, I don’t think the Fed backing was terrible. My understanding is that Bear is resonsible for clearing in certain markets and if they had gone under then there would have been a severe disruption. However, it still pisses me off to think about all these Bear assholes who were making million-dollar bonuses for essentially being scammers. And now the Fed has to come in with $30 billion of taxpayer money to essentially pay all those bonuses retroactively. Yeah, stuff like that tends to piss off your average American.

Like Ex-SD, I’m sick of hearing about all this Great Depression crap. The Fed has already proved they can’t find their ass with both hands by sitting on (some would say encouraging) this problem since at least 2004. To say that the Fed now has some magic Great Depression-prevention formula now is ridiculous. The ECB has clearly done a better job throughout this period. At least European savers aren’t getting anally-raped every day due to the collapse of their currency.

[TheBreeze]

This blog has been around since 2004. There are several other blogs out there that have warned of the dangers to our economy due to these 100%+ stated, cash back, no doc, no income loans that have been going on for years. Where has the Fed been during all this time?

If all of these individual bloggers with limited time and resources could see the coming danger for years, then how come the Fed with essentially unlimited time and resources couldn’t see it? It’s just ridiculous to think that the Fed is doing a great job now after totally ignoring this budding situation for years.

As for Bear, I don’t think the Fed backing was terrible. My understanding is that Bear is resonsible for clearing in certain markets and if they had gone under then there would have been a severe disruption. However, it still pisses me off to think about all these Bear assholes who were making million-dollar bonuses for essentially being scammers. And now the Fed has to come in with $30 billion of taxpayer money to essentially pay all those bonuses retroactively. Yeah, stuff like that tends to piss off your average American.

Like Ex-SD, I’m sick of hearing about all this Great Depression crap. The Fed has already proved they can’t find their ass with both hands by sitting on (some would say encouraging) this problem since at least 2004. To say that the Fed now has some magic Great Depression-prevention formula now is ridiculous. The ECB has clearly done a better job throughout this period. At least European savers aren’t getting anally-raped every day due to the collapse of their currency.

[TheBreeze]

This blog has been around since 2004. There are several other blogs out there that have warned of the dangers to our economy due to these 100%+ stated, cash back, no doc, no income loans that have been going on for years. Where has the Fed been during all this time?

If all of these individual bloggers with limited time and resources could see the coming danger for years, then how come the Fed with essentially unlimited time and resources couldn’t see it? It’s just ridiculous to think that the Fed is doing a great job now after totally ignoring this budding situation for years.

As for Bear, I don’t think the Fed backing was terrible. My understanding is that Bear is resonsible for clearing in certain markets and if they had gone under then there would have been a severe disruption. However, it still pisses me off to think about all these Bear assholes who were making million-dollar bonuses for essentially being scammers. And now the Fed has to come in with $30 billion of taxpayer money to essentially pay all those bonuses retroactively. Yeah, stuff like that tends to piss off your average American.

Like Ex-SD, I’m sick of hearing about all this Great Depression crap. The Fed has already proved they can’t find their ass with both hands by sitting on (some would say encouraging) this problem since at least 2004. To say that the Fed now has some magic Great Depression-prevention formula now is ridiculous. The ECB has clearly done a better job throughout this period. At least European savers aren’t getting anally-raped every day due to the collapse of their currency.

[TheBreeze]

This blog has been around since 2004. There are several other blogs out there that have warned of the dangers to our economy due to these 100%+ stated, cash back, no doc, no income loans that have been going on for years. Where has the Fed been during all this time?

If all of these individual bloggers with limited time and resources could see the coming danger for years, then how come the Fed with essentially unlimited time and resources couldn’t see it? It’s just ridiculous to think that the Fed is doing a great job now after totally ignoring this budding situation for years.

As for Bear, I don’t think the Fed backing was terrible. My understanding is that Bear is resonsible for clearing in certain markets and if they had gone under then there would have been a severe disruption. However, it still pisses me off to think about all these Bear assholes who were making million-dollar bonuses for essentially being scammers. And now the Fed has to come in with $30 billion of taxpayer money to essentially pay all those bonuses retroactively. Yeah, stuff like that tends to piss off your average American.

Like Ex-SD, I’m sick of hearing about all this Great Depression crap. The Fed has already proved they can’t find their ass with both hands by sitting on (some would say encouraging) this problem since at least 2004. To say that the Fed now has some magic Great Depression-prevention formula now is ridiculous. The ECB has clearly done a better job throughout this period. At least European savers aren’t getting anally-raped every day due to the collapse of their currency.

[an]

It’s just slightly different being an individual hypothesizing the worse case scenario vs having to act on your hypothesis on a grand scale that will affect everyone. Please tell, what would happen if it’s up to people on this forum running the FED. I hear people on here wanting to either keep rates the same or raising them to defend the dollar. Who here predicted a 85 year old IB going out at fire sale price? If the FED didn’t act the way they did, Bear might just be the first.

[an]

It’s just slightly different being an individual hypothesizing the worse case scenario vs having to act on your hypothesis on a grand scale that will affect everyone. Please tell, what would happen if it’s up to people on this forum running the FED. I hear people on here wanting to either keep rates the same or raising them to defend the dollar. Who here predicted a 85 year old IB going out at fire sale price? If the FED didn’t act the way they did, Bear might just be the first.

[an]

It’s just slightly different being an individual hypothesizing the worse case scenario vs having to act on your hypothesis on a grand scale that will affect everyone. Please tell, what would happen if it’s up to people on this forum running the FED. I hear people on here wanting to either keep rates the same or raising them to defend the dollar. Who here predicted a 85 year old IB going out at fire sale price? If the FED didn’t act the way they did, Bear might just be the first.

[an]

It’s just slightly different being an individual hypothesizing the worse case scenario vs having to act on your hypothesis on a grand scale that will affect everyone. Please tell, what would happen if it’s up to people on this forum running the FED. I hear people on here wanting to either keep rates the same or raising them to defend the dollar. Who here predicted a 85 year old IB going out at fire sale price? If the FED didn’t act the way they did, Bear might just be the first.

[an]

It’s just slightly different being an individual hypothesizing the worse case scenario vs having to act on your hypothesis on a grand scale that will affect everyone. Please tell, what would happen if it’s up to people on this forum running the FED. I hear people on here wanting to either keep rates the same or raising them to defend the dollar. Who here predicted a 85 year old IB going out at fire sale price? If the FED didn’t act the way they did, Bear might just be the first.

[zzz]

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

This is the problem with averages – I can guarantee you someone who is a 1st or 2nd year analyst does not make 600K, nor does the person in opps or technology. In fact, I would guess to say that at least HALF of their employees don’t make 600K. If you took your own company and “averaged” all the compensation – those numbers too might look quite large.

Do you know how many hours a 1st or 2nd year analyst at Goldman Sachs, Morgan Stanley, Bear Stearns for instance works? Most of them “average” 100+ hours a week. They will take home 80K-100K with their bonus included in that figure. Do you know what that comes out to per hour? Between $15 and $19 per hour.

[zzz]

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

This is the problem with averages – I can guarantee you someone who is a 1st or 2nd year analyst does not make 600K, nor does the person in opps or technology. In fact, I would guess to say that at least HALF of their employees don’t make 600K. If you took your own company and “averaged” all the compensation – those numbers too might look quite large.

Do you know how many hours a 1st or 2nd year analyst at Goldman Sachs, Morgan Stanley, Bear Stearns for instance works? Most of them “average” 100+ hours a week. They will take home 80K-100K with their bonus included in that figure. Do you know what that comes out to per hour? Between $15 and $19 per hour.

[zzz]

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

This is the problem with averages – I can guarantee you someone who is a 1st or 2nd year analyst does not make 600K, nor does the person in opps or technology. In fact, I would guess to say that at least HALF of their employees don’t make 600K. If you took your own company and “averaged” all the compensation – those numbers too might look quite large.

Do you know how many hours a 1st or 2nd year analyst at Goldman Sachs, Morgan Stanley, Bear Stearns for instance works? Most of them “average” 100+ hours a week. They will take home 80K-100K with their bonus included in that figure. Do you know what that comes out to per hour? Between $15 and $19 per hour.

[zzz]

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

This is the problem with averages – I can guarantee you someone who is a 1st or 2nd year analyst does not make 600K, nor does the person in opps or technology. In fact, I would guess to say that at least HALF of their employees don’t make 600K. If you took your own company and “averaged” all the compensation – those numbers too might look quite large.

Do you know how many hours a 1st or 2nd year analyst at Goldman Sachs, Morgan Stanley, Bear Stearns for instance works? Most of them “average” 100+ hours a week. They will take home 80K-100K with their bonus included in that figure. Do you know what that comes out to per hour? Between $15 and $19 per hour.

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