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  Bear Sterns Deal needs to be investigated immediately.
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bmugf...@gmail.com  
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(2 users)  More options Mar 17 2008, 8:22 am
From: bmugf...@gmail.com
Date: Mon, 17 Mar 2008 05:22:37 -0700 (PDT)
Local: Mon, Mar 17 2008 8:22 am
Subject: Bear Sterns Deal needs to be investigated immediately.
Timeline -

Wednesday - On a CNBC Interview, Bear Sterns CEO Alan Schwartz says he
is not aware of any imminent threat to the banks liquidity, and is not
sure where the rumor started.

Wednesday Night - Supposedly this is when Chase and the Fed were
approached about Bear Sterns liquidity issues.

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/
share.  It looks like this was organized by Henry Paulson (Secretary
of the Treasury - former CEO of Goldman Sachs).  Shares tank further
from $30 to $2.

Several things need to be investigated here -

1.) The comment by Alan Schwartz on CNBC.  It was clearly an outright
lie what he said.  He obviously knew there was an issue at that time.

2.) Obviously on Friday the "insiders" knew something was happened as
volume flooded onto the market.

3.) The timing of the Chase deal is very fishy.  It was finalized on a
weekend when 99.9% of traders don't have the ability to trade shares.
So basically by the time the market opens on Monday, every shareholder
is screwed.

4.) How a company can go from $80+ in book value per share, to $0 in 2
days needs to be investigated.

5.) It is slightly odd that a Henry Paulson, former Goldman Sachs CEO,
seemed to play an integral role in this.  If any company is helped by
the shutdown of Bear Sterns it will be Goldman Sachs.

6.) Why is Chase getting a sweetheart dealing getting Bear Sterns for
$2/share, yet not taking any risk on liabilities?  They get Bear
Sterns assets, but the Fed is taking all the risk if the collateral
fails.


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austintexaste...@gmail.com  
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 More options Mar 17 2008, 8:28 am
From: austintexaste...@gmail.com
Date: Mon, 17 Mar 2008 05:28:13 -0700 (PDT)
Local: Mon, Mar 17 2008 8:28 am
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
Well spoken-What a crappy deal for the small investor! Think the fix
is in!

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doug...@googlemail.com  
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 More options Mar 17 2008, 8:28 am
From: doug...@googlemail.com
Date: Mon, 17 Mar 2008 05:28:15 -0700 (PDT)
Local: Mon, Mar 17 2008 8:28 am
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
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
eye opener.

Yikes-o-rama!


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nhar...@gmail.com  
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 More options Mar 17 2008, 8:29 am
From: nhar...@gmail.com
Date: Mon, 17 Mar 2008 05:29:26 -0700 (PDT)
Local: Mon, Mar 17 2008 8:29 am
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
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.


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nhar...@gmail.com  
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 More options Mar 17 2008, 8:30 am
From: nhar...@gmail.com
Date: Mon, 17 Mar 2008 05:30:48 -0700 (PDT)
Local: Mon, Mar 17 2008 8:30 am
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
Correction: "...sells everything to JP for pennies on the dollar."

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bmugf...@gmail.com  
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 More options Mar 17 2008, 8:32 am
From: bmugf...@gmail.com
Date: Mon, 17 Mar 2008 05:32:29 -0700 (PDT)
Local: Mon, Mar 17 2008 8:32 am
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
I am sending this to my state senators, and I would hope all others
would contact their representatives also.

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doug...@googlemail.com  
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 More options Mar 17 2008, 8:38 am
From: doug...@googlemail.com
Date: Mon, 17 Mar 2008 05:38:10 -0700 (PDT)
Local: Mon, Mar 17 2008 8:38 am
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
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
eye opener.

Yikes-o-rama!


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doug...@googlemail.com  
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(1 user)  More options Mar 17 2008, 8:41 am
From: doug...@googlemail.com
Date: Mon, 17 Mar 2008 05:41:40 -0700 (PDT)
Local: Mon, Mar 17 2008 8:41 am
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
gah, google groups msg posting timeouts = multiple posts. :-\

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infofi...@gmail.com  
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(2 users)  More options Mar 17 2008, 8:42 am
From: infofi...@gmail.com
Date: Mon, 17 Mar 2008 05:42:54 -0700 (PDT)
Local: Mon, Mar 17 2008 8:42 am
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
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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bmugf...@gmail.com  
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 More options Mar 17 2008, 8:56 am
From: bmugf...@gmail.com
Date: Mon, 17 Mar 2008 05:56:03 -0700 (PDT)
Local: Mon, Mar 17 2008 8:56 am
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
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
this that pisses me off.  Deals cut behind doors in a smoke filled
room.


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meetskitt...@gmail.com  
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(1 user)  More options Mar 17 2008, 9:10 am
From: meetskitt...@gmail.com
Date: Mon, 17 Mar 2008 06:10:23 -0700 (PDT)
Local: Mon, Mar 17 2008 9:10 am
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
fed needs to buy the subprime debt and cut rates 100 basis points
tuesday, and another 50 at a later date if needed.

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oilwildcat...@gmail.com  
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 More options Mar 17 2008, 9:17 am
From: OilWildcat...@gmail.com
Date: Mon, 17 Mar 2008 06:17:09 -0700 (PDT)
Local: Mon, Mar 17 2008 9:17 am
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
Larger looting than the oligarchs looting Russia.  These bastards will
steal about $500 billion in the next few months.  And they will be
financing it on your money!

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bear...@gmail.com  
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 More options Mar 17 2008, 9:25 am
From: bear...@gmail.com
Date: Mon, 17 Mar 2008 06:25:52 -0700 (PDT)
Local: Mon, Mar 17 2008 9:25 am
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
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.


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joe.g...@gmail.com  
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 More options Mar 17 2008, 9:30 am
From: joe.g...@gmail.com
Date: Mon, 17 Mar 2008 06:30:42 -0700 (PDT)
Local: Mon, Mar 17 2008 9:30 am
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
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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spaaske...@gmail.com  
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 More options Mar 17 2008, 9:50 am
From: spaaske...@gmail.com
Date: Mon, 17 Mar 2008 06:50:51 -0700 (PDT)
Local: Mon, Mar 17 2008 9:50 am
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
Look at the stock price, and I'll have your confirmation lol...


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robl  
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 More options Mar 17 2008, 9:47 am
From: robl <robert.lit...@gmail.com>
Date: Mon, 17 Mar 2008 06:47:54 -0700 (PDT)
Local: Mon, Mar 17 2008 9:47 am
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
I bought 1000 sh. BSC on Friday....damn it, I'm screwed!!! :(

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Noah  
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 More options Mar 17 2008, 10:53 am
From: Noah <noah.beck...@gmail.com>
Date: Mon, 17 Mar 2008 07:53:14 -0700 (PDT)
Local: Mon, Mar 17 2008 10:53 am
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
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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nhar...@gmail.com  
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 More options Mar 17 2008, 11:42 am
From: nhar...@gmail.com
Date: Mon, 17 Mar 2008 08:42:42 -0700 (PDT)
Local: Mon, Mar 17 2008 11:42 am
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
Sorry for your loss.  You are not the only one getting killed
today...check out MF Global.  Ouch!


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takekerk...@gmail.com  
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 More options Mar 17 2008, 11:47 am
From: takekerk...@gmail.com
Date: Mon, 17 Mar 2008 08:47:02 -0700 (PDT)
Local: Mon, Mar 17 2008 11:47 am
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
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
have been declared bankrupt, rather than bought by JPM, the CEO's and
CFO's would have to hand in their billion dollar bonuses.


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j0ey  
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 More options Mar 17 2008, 12:29 pm
From: j0ey <joe.newslett...@gmail.com>
Date: Mon, 17 Mar 2008 09:29:02 -0700 (PDT)
Local: Mon, Mar 17 2008 12:29 pm
Subject: Re: Bear Sterns Deal needs to be investigated immediately.
"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
implies these people wouldn't do what is in the best interest of the
public or their shareholders but instead make sure they get their
bonuses so they can continue 'stimulating' the economy building their
7th vacation home and buying high end automobiles as well as having
maids, personal assistants, etc. As long as I can remember people at
the C?O level have been morally centered and out-front individuals who
do nothing but sacrifice their own well being to help the thousands of
others that could potentially get screwed in their 401Ks and personal
investment portfolios. I for one am buying loads of BSC & JPM in
support of the actions of the BSC C?Os and will vigorously email
whatever politicians take it upon themselves to investigate them where
there is obviously zero wrong doing on anyone's part at either BSC,
JPM, etc.

.....now back to our regular scheduled reality programming.


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End of messages  

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