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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. You must Sign in before you can post messages.
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