Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Wally_Kalbacken
Do not locate yourself below the swan diving brokers!

No intention of that buddy. This is gonna be pretty horrible I think.

The Fed announcing a quarter basis point cut in interest rates on a SUNDAY NIGHT because they couldn't wait two stinkin days for their scheduled meeting?

Stearns losing billions in literally a FLASH?? Bank customers have to have a warm and fuzzy feeling right about now. How many bought BS shares last week and have literally thrown their money away? So the Fed HAS to guarantee that JP Morgan won't lose anything on the deal???

THEY'RE panicked and I think that others are gonna see that as readily as I do and THEY'RE gonna panic as well. Watch the stampede.

113 posted on 03/16/2008 8:14:25 PM PDT by HeartlandOfAmerica (Don't blame me - I voted for Fred and am STILL a FredHead!)
[ Post Reply | Private Reply | To 105 | View Replies ]


To: HeartlandOfAmerica

“THEY’RE panicked and I think that others are gonna see that as readily as I do and THEY’RE gonna panic as well. Watch the stampede.”

Bear Sterns lost 95% of its paper value over the weekend as folk b egan to realize mortage instriments could be worthless...

What would you do. I bought more gold yesterday and will max my ATM withdrawals of cash tomorrow befofe I hunker down and wait to see what happens. I figure more cash on hand will not hurt.


142 posted on 03/16/2008 9:06:46 PM PDT by Jim Verdolini
[ Post Reply | Private Reply | To 113 | View Replies ]

To: HeartlandOfAmerica

“So the Fed HAS to guarantee that JP Morgan won’t lose anything on the deal???”

As the only alternative to bear going under with all counterparty trades in danger, the fed had no choice on this matter (regardless of what decisions brought matters to this point).

confidence is a self-fulfilling prophecy sometimes. Will Lehman run into issues just based on the discussion of possible issues?


173 posted on 03/17/2008 5:11:18 AM PDT by WoofDog123
[ Post Reply | Private Reply | To 113 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson