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| Bear Sterns Deal needs to be investigated immediately. | ||
| All 21 messages in discussion | ||
Timeline -
Wednesday - On a CNBC Interview, Bear Sterns CEO Alan Schwartz says he
Wednesday Night - Supposedly this is when Chase and the Fed were
Thursday - Stock opens down from about $61 to $58.
Friday - Stock tanks from $57 to $30
Weekend - Deal with Chase is made public purchasing Bear Stearns at $2/
Several things need to be investigated here -
1.) The comment by Alan Schwartz on CNBC. It was clearly an outright
2.) Obviously on Friday the "insiders" knew something was happened as
3.) The timing of the Chase deal is very fishy. It was finalized on a
4.) How a company can go from $80+ in book value per share, to $0 in 2
5.) It is slightly odd that a Henry Paulson, former Goldman Sachs CEO,
6.) Why is Chase getting a sweetheart dealing getting Bear Sterns for
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Perhaps not the only one needing investigated. Have a look at some
history for the 1930's depression. http://www.huppi.com/kangaroo/Timeline.htm
1933 entry particularly curious. Press the 'more' button for a full
Yikes-o-rama!
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I agree with all your others...but your #6 is key in my mind. I
posted on it last night and am still baffled. BSC shareholders own, if nothing else, $1B worth of prime real estate. JP comes in like the Knight in Shining Armour and hands over $30B of TAXPAYER money to BSC, who promptly rolls over and screws BSC shareholders by selling everything to BSC for pennies on the dollar. JP walks away with little to no real risk and Dimon gets a brand new office at fire-sale prices...what a scam! I'm not a BSC shareholder, but I pay a truckload of taxes every year and I think this stinks.
bmugf...@gmail.com wrote:
> Timeline - > Wednesday - On a CNBC Interview, Bear Sterns CEO Alan Schwartz says he
> Wednesday Night - Supposedly this is when Chase and the Fed were
> Thursday - Stock opens down from about $61 to $58.
> Friday - Stock tanks from $57 to $30
> Weekend - Deal with Chase is made public purchasing Bear Stearns at $2/
> Several things need to be investigated here -
> 1.) The comment by Alan Schwartz on CNBC. It was clearly an outright
> 2.) Obviously on Friday the "insiders" knew something was happened as
> 3.) The timing of the Chase deal is very fishy. It was finalized on a
> 4.) How a company can go from $80+ in book value per share, to $0 in 2
> 5.) It is slightly odd that a Henry Paulson, former Goldman Sachs CEO,
> 6.) Why is Chase getting a sweetheart dealing getting Bear Sterns for
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Perhaps not the only one needing investigated. Have a look at some
history for the 1930's depression. http://www.huppi.com/kangaroo/Timeline.htm
1933 entry particularly curious. Press the 'more' button for a full
Yikes-o-rama!
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Perfect manipulation where they didnt let anyone breathe over the
weekend. I give a rats ass about Fed cutting rates further as I am shorting the hell out of this freaking market! And to top that, I announce that I will use my stimulus check to short market even more. We got crooks at the top. Freaking Pimps! |
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I think the best way to fix this market is not BS rate cuts, refund
checks, or other handouts. It is to fix this type of corruption that screws the average joes. I have no stake in Bear Stearns, but it is just the principal of all
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Connect the dots. This deal was signed off on by Paulson and BUSH
last night at 10:30 pm. Bear Stern owns 17% of Carlyle Group. After Carlyle Capital tanked last week, it seem Bush 41 and Jim Baker, having most of their personal wealth in the Carlyle Group, made some phone calls.
bmugf...@gmail.com wrote:
> Timeline - > Wednesday - On a CNBC Interview, Bear Sterns CEO Alan Schwartz says he
> Wednesday Night - Supposedly this is when Chase and the Fed were
> Thursday - Stock opens down from about $61 to $58.
> Friday - Stock tanks from $57 to $30
> Weekend - Deal with Chase is made public purchasing Bear Stearns at $2/
> Several things need to be investigated here -
> 1.) The comment by Alan Schwartz on CNBC. It was clearly an outright
> 2.) Obviously on Friday the "insiders" knew something was happened as
> 3.) The timing of the Chase deal is very fishy. It was finalized on a
> 4.) How a company can go from $80+ in book value per share, to $0 in 2
> 5.) It is slightly odd that a Henry Paulson, former Goldman Sachs CEO,
> 6.) Why is Chase getting a sweetheart dealing getting Bear Sterns for
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Look at the stock price, and I'll have your confirmation lol...
joe.g...@gmail.com wrote:
> Hahahhahaa. If this turns out to be true, I will be truly, truly > shocked. I am waiting for confirmation of these rumours, because that > would be... Well, I don't know. That would be so incredibly > unbelievably gross, I would move post haste to Canada and never come > back. |
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The company was not at 80$ book value, it was at 80$ market value.
The book value is most lilkely not even known to them, because they have no way to value all of the MBS's that they keep writing off. As far as liquidity, it is quite possible that the "run on the bank" last week has had devistating consequences and not manipulation from the top. Investor fear is the most likely source of their problems. |
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Sorry for your loss. You are not the only one getting killed
today...check out MF Global. Ouch!
robl wrote:
> I bought 1000 sh. BSC on Friday....damn it, I'm screwed!!! :( |
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Jim Rogers brought this up in his interview with Bloomberg .. I don't
know if it's true: In February BSC CEO's and CFO's received big bonusses. If BSC would
bmugf...@gmail.com wrote:
> Timeline - > Wednesday - On a CNBC Interview, Bear Sterns CEO Alan Schwartz says he
> Wednesday Night - Supposedly this is when Chase and the Fed were
> Thursday - Stock opens down from about $61 to $58.
> Friday - Stock tanks from $57 to $30
> Weekend - Deal with Chase is made public purchasing Bear Stearns at $2/
> Several things need to be investigated here -
> 1.) The comment by Alan Schwartz on CNBC. It was clearly an outright
> 2.) Obviously on Friday the "insiders" knew something was happened as
> 3.) The timing of the Chase deal is very fishy. It was finalized on a
> 4.) How a company can go from $80+ in book value per share, to $0 in 2
> 5.) It is slightly odd that a Henry Paulson, former Goldman Sachs CEO,
> 6.) Why is Chase getting a sweetheart dealing getting Bear Sterns for
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"In February BSC CEO's and CFO's received big bonusses. If BSC would
have been declared bankrupt, rather than bought by JPM, the CEO's and CFO's would have to hand in their billion dollar bonuses." You should be ashamed of yourself for even providing a quote that
.....now back to our regular scheduled reality programming. |
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