that fucking Bear Sterns asshole that said "we're just fine" last week should GO TO PRISON for FRAUD. the cocksucker is NO BETTER that those ENRON CROOKS!!!
that fucking Bear Sterns asshole that said "we're just fine" last week should GO TO PRISON for FRAUD. the cocksucker is NO BETTER that those ENRON CROOKS!!!
People need to read the fine print to understand. JP is going to guarantee obligations Bear has with CASH tomorrow, and the FED is going to back up JP with up to 30B so things work out.
If you factor in what JP has already given and what they WILL give, I imagine the ammt of total consideration is close to what the closing price was or higher on friday.
You will see this discussed later on, that the deal isnt really 2 bucks per share when you look closer.
Rat,
It isnt that simple.
People need to read the fine print to understand. JP is going to guarantee obligations Bear has with CASH tomorrow, and the FED is going to back up JP with up to 30B so things work out.
If you factor in what JP has already given and what they WILL give, I imagine the ammt of total consideration is close to what the closing price was or higher on friday.
You will see this discussed later on, that the deal isnt really 2 bucks per share when you look closer.
Sort of like the old Carson joke about woman, who agreed to a date for $1000 an hour, but not at $50, asking what kind of woman do you think I am? And the punchline..." I already know what kind, now we are just dickering over price."
Sort of like the old Carson joke about woman, who agreed to a date for $1000 an hour, but not at $50, asking what kind of woman do you think I am? And the punchline..." I already know what kind, now we are just dickering over price."
rumor had it that Joe Lewis (the guy who got killed in Bear) had a lot of money with MF and was pulling said money. rumor started around 10:45 or so this morning
thus the dumping of MF and everyone else dumping every other broker out there
re: MF dump today
rumor had it that Joe Lewis (the guy who got killed in Bear) had a lot of money with MF and was pulling said money. rumor started around 10:45 or so this morning
thus the dumping of MF and everyone else dumping every other broker out there
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