IndianaGreen
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Sun Mar-16-08 06:37 PM
Response to Original message |
| 19. That's the end of a financial institution that has been independent forever |
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The sharks are circling while the country goes to pot.
|
| -JPMorgan says it would buy ailing Bear Stearns for $2 a share |
DeSwiss |
Mar-16-08 06:16 PM |
#0 |
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Only $2.00 a share? Doesn't make sense,then what does these days. |
Fed_Up_Grammy |
Mar-16-08 06:18 PM |
#1 |
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It would seem that the spirit of JPMorgan.... |
DeSwiss |
Mar-16-08 08:11 PM |
#56 |
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YES --- and BSC is insolvent and they and the insiders at JPM knew it |
saigon68 |
Mar-16-08 09:00 PM |
#67 |
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I sure the ones who were "supposed" to.... |
DeSwiss |
Mar-16-08 10:04 PM |
#71 |
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and it is MIGHTY white of them to do so, isn't it... |
QuestionAll |
Mar-16-08 10:56 PM |
#75 |
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earlier I read BS wanted $20.00 per share???? |
angstlessk |
Mar-16-08 06:19 PM |
#2 |
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Could be sensible |
Lucky Luciano |
Mar-16-08 06:45 PM |
#26 |
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Were you able to watch the C Span coverage of the Chris Dodd |
truedelphi |
Mar-16-08 10:12 PM |
#72 |
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Buying at $2 a share - sock closed at $30 on Friday |
muriel_volestrangler |
Mar-16-08 06:20 PM |
#3 |
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Closed at $57 on Thursday, and at $70.08 the previous Friday. ( n/t ) |
Make7 |
Mar-16-08 06:48 PM |
#30 |
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That has to be a typo in the article. |
Kittycat |
Mar-16-08 06:20 PM |
#4 |
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Any link? That's AP on Yahoo, in the OP |
muriel_volestrangler |
Mar-16-08 06:24 PM |
#8 |
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It's a typo. It's 20$ but this will make people shit their pants. |
Joanne98 |
Mar-16-08 06:21 PM |
#5 |
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NOT a typo....repeat NOT A TYPO @ $20.00 p/share 2.2 Billion they paid 236 million |
angstlessk |
Mar-16-08 06:27 PM |
#10 |
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two. not twenty. two. 2. TWO. |
antifaschits |
Mar-16-08 07:01 PM |
#40 |
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Once the Fed gets on with their bailout |
gristy |
Mar-16-08 06:21 PM |
#6 |
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$2 dollar! $2 dollar? You've got to be kidding. |
screembloodymurder |
Mar-16-08 06:21 PM |
#7 |
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Then you should sue mgmnt of BSC; please read this Sun Times |
ShockediSay |
Mar-16-08 08:08 PM |
#55 |
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For JP Morgan Chase is there not the bonus of tax write offs? Big ones when they buy the dump? |
Neshanic |
Mar-16-08 06:27 PM |
#9 |
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Check out the Bear message board. Too funny! |
Joanne98 |
Mar-16-08 06:27 PM |
#11 |
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And check the ironic ads in the sidebar on the right |
muriel_volestrangler |
Mar-16-08 06:31 PM |
#13 |
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WOW, and people think GDP is rough....that's some comedy gold in there. |
Neshanic |
Mar-16-08 06:31 PM |
#14 |
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Yeah "TAKE POISON YOU BASTARD" is going to be my new snark line! |
jlake |
Mar-16-08 08:21 PM |
#59 |
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That is an excellent one. That place is packed with em'. |
Neshanic |
Mar-16-08 11:22 PM |
#77 |
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"I BOUGHT 10,000 SHARES AT 32.00 ON FRIDAY" |
Ichingcarpenter |
Mar-16-08 06:33 PM |
#16 |
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Shit. Sorry to hear that. |
Xenotime |
Mar-16-08 09:56 PM |
#69 |
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Uh, you're going to lose a shitload of money. Never try to catch a falling knife . . . |
hatrack |
Mar-17-08 07:48 AM |
#80 |
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Here's another one! LOL |
Joanne98 |
Mar-16-08 06:47 PM |
#28 |
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Yikes that's some major money these people lost. |
Ichingcarpenter |
Mar-16-08 06:52 PM |
#34 |
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BASHERS & SHORTS SHOW SOME RESPECT: |
Joanne98 |
Mar-16-08 07:03 PM |
#42 |
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Here are some more gems found on the message boards |
sce56 |
Mar-16-08 08:41 PM |
#65 |
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Good Grief $2.00? |
Ichingcarpenter |
Mar-16-08 06:30 PM |
#12 |
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OMG It's not a typo.!!!!!!!! $236.2 million TWO DOLLARS!!!! |
Joanne98 |
Mar-16-08 06:33 PM |
#15 |
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You should be ashamed of yourself.... |
DeSwiss |
Mar-16-08 08:15 PM |
#57 |
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Just their building is worth twice that: weird. |
DuaneBidoux |
Mar-17-08 10:27 AM |
#84 |
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Since S&P downgraded Bear on Friday, Bear is not a going concern |
Robbien |
Mar-16-08 06:35 PM |
#17 |
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This is why you do not buy individual stocks |
high density |
Mar-16-08 06:36 PM |
#18 |
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cmon |
selador |
Mar-16-08 06:56 PM |
#36 |
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That's great for you. Most people who try to buy individual stocks don't follow that philosophy |
high density |
Mar-16-08 07:18 PM |
#50 |
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that's good too |
selador |
Mar-16-08 07:22 PM |
#52 |
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I'd like to see how far your song and dance.... |
Xenotime |
Mar-16-08 09:58 PM |
#70 |
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song and dance |
selador |
Mar-16-08 10:55 PM |
#74 |
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That's the end of a financial institution that has been independent forever |
IndianaGreen |
Mar-16-08 06:37 PM |
#19 |
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But the corporate art collection should bring in enough for a kegger. |
Neshanic |
Mar-16-08 06:37 PM |
#20 |
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In 2005, James E Cayne of Bear Stearns made $26M and owned $658M in stock |
gristy |
Mar-16-08 06:38 PM |
#21 |
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OK, I found the detail on Schwarz |
gristy |
Mar-16-08 06:42 PM |
#24 |
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Now on Reuters too: |
muriel_volestrangler |
Mar-16-08 06:38 PM |
#22 |
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I wonder how the market will react |
IndianaGreen |
Mar-16-08 06:41 PM |
#23 |
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Tokyo opens its markets in 4 minutes |
muriel_volestrangler |
Mar-16-08 06:59 PM |
#38 |
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I didn't know you were a mod |
IndianaGreen |
Mar-16-08 07:05 PM |
#43 |
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Yeah, it takes up a lot of the time available for DU |
muriel_volestrangler |
Mar-16-08 07:11 PM |
#46 |
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I'll tell you exactly how they'll react |
jmowreader |
Mar-17-08 11:22 AM |
#85 |
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NOT A TYPO?????????? $2/share???? |
gristy |
Mar-16-08 06:44 PM |
#25 |
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Deregulation? BWHAHAHA! |
Karenina |
Mar-16-08 06:51 PM |
#32 |
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At $2 a share, I'll buy a chunk!!! |
Rick Myers |
Mar-16-08 06:45 PM |
#27 |
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Best look at their balance sheet first! |
gristy |
Mar-16-08 06:48 PM |
#29 |
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"roughly a 98.8 percent discount to its book value as of Feb. 29." - now I call that a CRASH |
ConcernedCanuk |
Mar-16-08 06:49 PM |
#31 |
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Asian markets open soon |
gristy |
Mar-16-08 06:52 PM |
#33 |
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UPDATE 1-Japan stocks may fall as credit worries spread |
Joanne98 |
Mar-16-08 06:58 PM |
#37 |
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ASIA is open now, dropping close to 3 percent - your link updates every few seconds |
ConcernedCanuk |
Mar-16-08 08:18 PM |
#58 |
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are the Asian stocks dropping so fast because they own so much of our debt? |
w8liftinglady |
Mar-16-08 08:23 PM |
#60 |
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Or because lower US interest rates weaken the dollar |
muriel_volestrangler |
Mar-16-08 08:36 PM |
#64 |
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Futures are up Fed is cutting 25% today and 75% Tuesday |
Joanne98 |
Mar-16-08 06:53 PM |
#35 |
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Oops.. |
OilemFirchen |
Mar-16-08 07:10 PM |
#45 |
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D'oh! |
OilemFirchen |
Mar-16-08 07:12 PM |
#47 |
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Fuck the "free" markets, eh? |
OilemFirchen |
Mar-16-08 07:00 PM |
#39 |
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Oh, and the Fed does a Sunday cut? |
OilemFirchen |
Mar-16-08 07:05 PM |
#44 |
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Just heard they did buy! |
lonestarnot |
Mar-16-08 07:01 PM |
#41 |
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I just woke up, this isn't a nightmare, is it? |
DainBramaged |
Mar-16-08 07:12 PM |
#48 |
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Nope this is real. The Robber Barrons are BAAAAAAAAAACK!!!! |
file83 |
Mar-16-08 11:15 PM |
#76 |
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Bloomberg LIVE Quotes futures - Naz down 32 / Dow Down 155/ S & P down 20 @ 8:09 est |
Joanne98 |
Mar-16-08 07:12 PM |
#49 |
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Will it be a Monday free fall at the Exchange? My crystal ball says, Yes. |
sarcasmo |
Mar-16-08 07:22 PM |
#51 |
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Futures are a sea of red......... |
Joanne98 |
Mar-16-08 07:26 PM |
#53 |
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I got home, saw the $2/share headline, and put my thoughts |
Deny and Shred |
Mar-16-08 07:45 PM |
#54 |
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Fuck! Look! L00K!! at The Shorts |
Crisco |
Mar-16-08 08:26 PM |
#61 |
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And the award for Investor of the Year goes to: Joe Lewis |
muriel_volestrangler |
Mar-16-08 08:29 PM |
#62 |
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JP Morgan saved America from the 1907 panic |
creeksneakers2 |
Mar-16-08 08:34 PM |
#63 |
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Why is this important...? |
Beartracks |
Mar-16-08 08:54 PM |
#66 |
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Fed Bail Out.... |
mcollier |
Mar-16-08 09:21 PM |
#68 |
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I read somewhere that Bear employees own 30% |
Earth Bound Misfit |
Mar-16-08 10:14 PM |
#73 |
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Wow - the bread line will be getting longer. nt |
Vinca |
Mar-17-08 06:58 AM |
#78 |
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Will there be a run on banks stocks today?? |
4dsc |
Mar-17-08 07:43 AM |
#79 |
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European bank stocks down around 10%; Lehman Bros. down 30% in pre-trading |
muriel_volestrangler |
Mar-17-08 08:46 AM |
#82 |
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Hot damn! Some people lost their pant on this! |
mainegreen |
Mar-17-08 07:50 AM |
#81 |
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See #62 - Joe Lewis may have lost over a billion dollars on this |
muriel_volestrangler |
Mar-17-08 08:48 AM |
#83 |
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NY Duers, there is going to be an awesome office furniture sale soon |
AngryAmish |
Mar-17-08 11:36 AM |
#86 |
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Currently Trading at $3.79 |
Crisco |
Mar-17-08 11:43 AM |
#87 |
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