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It's a screw job. That's why you look out for yourself and don't trust the smooth talkers. A bird in the hand is worth two in Bear Stearns.
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Long time member @ Apolyton
Civilization player since the dawn of time -
Over the last couple of days, Bears' stock has been going up. But this probably is just a bounce on the way down. In order for people to take their profit on short sales, they have to buy the stock back.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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http://news.yahoo.com/s/ap/20080324/...n_bear_stearns;_ylt=AluYGVTve_n9W25x.AeKs9Gs0NUEReport: JPMorgan could up Bear offer
NEW YORK - JPMorgan Chase & Co. was discussing a deal that would increase fivefold its offer for Bear Stearns Cos. to $10 a share, The New York Times reported Monday.
The talks Sunday were an attempt to satisfy Bear Stearns stockholders upset over JPMorgan's offer of $2 a share for the struggling investment bank, the newspaper said on its Web site, citing people involved in the negotiations.
The original price for Bear Stearns was part of a deal struck last week at the urging of the Federal Reserve and Treasury Department.
The Fed, which would need to approve any change in the agreement, was balking at the new price, the Times said. Such opposition could postpone the new agreement or derail it entirely.
In an attempt to speed majority shareholder approval, Bears board was trying to authorize the sale of 39.5 percent of the firm to JPMorgan, the Times said. State law in Delaware, where the companies are incorporated, allows a company to sell up to 40 percent without shareholder approval.
A spokeswoman for JPMorgan declined to comment Sunday night, the Times said. A Bear Stearns representative could not be reached.
A spokesman for the Federal Reserve would not comment on the central banks involvement in the negotiations, but denied it had directed the original sale price, the newspaper said.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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Cramer was dead right. He wasn't talking about Bear's stock, he was talking about people who had money with it, that is now guaranteed by the Fed. There's no need to take money out of it, but the stock's pretty much worthless.Originally posted by Oerdin
Jim Cramer just loved Bear Stearns last Saturday night. Proof that the MSM hires just loud dumbasses to put on TV?Smile
For though he was master of the world, he was not quite sure what to do next
But he would think of something
"Hm. I suppose I should get my waffle a santa hat." - KuciwalkerComment
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Is that why he said "Don't dump Bear"? It sounds like he's talking about the stock especially since he has a show which deals mainly on stocks.Try http://wordforge.net/index.php for discussion and debate.Comment
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The context was, quite obviously, liquidity and not common stock. Listen carefully to the question he was asked.Originally posted by Oerdin
Is that why he said "Don't dump Bear"? It sounds like he's talking about the stock especially since he has a show which deals mainly on stocks."The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
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Speaking of rising from the dead
The BSC deal may be re-evaluated at closer to $10 per share.“It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”
― C.S. Lewis, The Abolition of ManComment
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He wasn't. "Dump" is used when talking about pulling money out as well as selling stocks.Originally posted by Oerdin
Is that why he said "Don't dump Bear"? It sounds like he's talking about the stock especially since he has a show which deals mainly on stocks.
I admit, he's an appalling speaker. He doesn't finish sentances, and really badly explains everything he seems to say. But he's right about not causing a run on a bank, as it's just silly.Smile
For though he was master of the world, he was not quite sure what to do next
But he would think of something
"Hm. I suppose I should get my waffle a santa hat." - KuciwalkerComment
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Apparently, the Fed used public money so that Bear's shareholders could get $10 a share.
What a crock of ****.
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Bush
"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
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Is there an article about this. I'm having an argument on another site with a guy who claims the bailout isn't really a bailout because, he claims, no public money is being spent.Originally posted by DanS
Apparently, the Fed used public money so that Bear's shareholders could get $10 a share.
What a crock of ****.
Try http://wordforge.net/index.php for discussion and debate.Comment
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Full faith and credit, Oerdin. The Fed issued guarantees on some of Bear's non-liquid assets.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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it seems that the Bear stock is jumping 70% today. is it me or is it certain that certain (and very few) people are making tons of $ with these ups and downs?
Co-Founder, Apolyton Civilization Site
Co-Owner/Webmaster, Top40-Charts.com | CTO, Apogee Information Systems
giannopoulos.info: my non-mobile non-photo news & articles blogComment
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Errrr, the Fed can't actually tax or use tax revenue, but they can borrow.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Hence why the Fed don't really want to agree to the new deal.Originally posted by DanS
Apparently, the Fed used public money so that Bear's shareholders could get $10 a share.
What a crock of ****.
Smile
For though he was master of the world, he was not quite sure what to do next
But he would think of something
"Hm. I suppose I should get my waffle a santa hat." - KuciwalkerComment
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