Posted on 03/16/2008 6:52:34 PM PDT by Ernest_at_the_Beach
Lowest since 1995 they say.
JP Morgan gets Bear Stearns for nothing, and is guaranteed against loss by the taxpayers. Why not just have the government take over Bear, and keep the eventual profits? This is the biggest government give-away in the history of the USA.
We should all await Obama’s preacher and hear his views on all of this...//s
http://www.smartmoney.com/commonsense/index.cfm?story=20080304-banks-frozen-assets You might be interested in this article.
“The ecomony is headed for a disaster of biblical proportions, real wrath of God type stuff. Fire and brimstone coming down from the skies! Rivers and seas boiling! Forty years of darkness! Earthquakes, volcanoes...
The dead rising from the grave! Human sacrifice, dogs and cats living together... mass hysteria!”
Unfortunately there’s a 50-50 chance you’ve got it right.
bookmark
They got what Osama wanted (collapse of US economy) and did not even have to crash any more jets into buildings.
Now how to explain it to all those would be martyrs?
They all say that - "we're OK it's those other guys that have problems" !
UK's been saying that for months, for example.
Grab your coat and get your hat,
Leave your worries on the doorstep!
Life can be so sweet
On the sunny side of the Street ...
Can’t you hear the pitter-pat?
And that happy tune is your step
Life can be all reet
On the sunny side of the Street!
I used to walk in the shade,
With my blues on parade ...
Now I’m not afraid ...
This rover’s crossed over ...
If I never have a cent,
I’ll be rich as Rockefeller!
Gold dust at my feet ...
On the sunny, sunny side of the Street!
Actually, all this bad economy talk has me worried...but not just about the economy. What better way to really damage the US then to have terrorist attacks commence inside the US during this time? =(
HOLDER Shares | % Out | Value* | Reported BARROW, HANLEY MEWHINNEY & STRAUSS, INC. 11,485,058 | 9.73 | $1,013,556,368 | 31-Dec-07 MORGAN STANLEY 6,335,729 | 5.37 | $559,128,084 | 31-Dec-07 Legg Mason Capital Management, Inc. 5,721,010 | 4.84 | $504,879,132 | 31-Dec-07 PRIVATE CAPITAL MANAGEMENT, INC. 5,541,259 | 4.69 | $489,016,106 | 31-Dec-07 Barclays Global Investors UK Holdings Ltd 4,245,451 | 3.60 | $374,661,050 | 31-Dec-07 STATE STREET CORPORATION 3,550,715 | 3.01 | $313,350,598 | 31-Dec-07 VANGUARD GROUP, INC. (THE) 3,149,691 | 2.67 | $277,960,230 | 31-Dec-07 JANUS CAPITAL MANAGEMENT, LLC 2,765,699 | 2.34 | $244,072,936 | 31-Dec-07 FMR LLC 2,359,011 | 2.00 | $208,182,720 | 31-Dec-07
Less anyone forget, it wasn’t FDR that saved the economy after the Great Depression, it was, sadly, WW II
LOL...........
can I be next to you.....I shine shoes!
Thankfully, I invested all my money in tulip bulbs so I’m sleeping soundly tonite.
Bear S was involved with many hedge funds. One problem with letting an investment bank fail, is when assets are dumped at precisely the wrong time, one doesn’t get the best possible price (relatively speaking). Also, there is a fear that when the assets are priced at a new lower level, it forces more calls for collateral at other banks. It’s a rotten deal no matter what, but I believe it is better to “save” Bear by a merger than an out and out failure. I am not for corp welfare, but view the banks of various kinds to be special cases.
This is just false reporting, I am sure. After all, President George W. Bush acknowledged here Friday that the U.S. economy is experiencing a tough time, but it will regain its strength in the long run because the “economic foundation remains solid.”
So. We are solid. Move along, folks. Nothing to see here.
Oh yes!
And there’s nothing wrong here that can’t be solved by printing mo’ money.
[solid foundation....good grief....]
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