Wow, so Chase gets all of Bear’s business/assets/stock for 2 bucks a share and has the fed foot a huge part of the bill to boot!? Can someone say “inside deal”?
As if enough power didnt already rest with the banks, now Chase has even more.
Very scary.
They federal government wants to make sure that China International Trust & Investment Corp will still invest.
As you wrote that, and I read that, I just realized something - It’s an all stock deal, and it’s only $250MM. It’s not that much money, even if it was cash, which it wasn’t.
Exactly why does the Fed need to back this deal, other than to declare that it doesn’t run afoul of any anti-competitiveness rules (something that EU, if they have a say, may not agree with?? - don’t know), and that the SEC approves the deal, which they have?
What money is there to be fronted here, in an all stock deal? Why the Fed, and why not JPM?
How bout those Chinese pilgrims? They carried BS a couple of rounds to the tune of, what was it - $10BB? Something like that? They are going to be sending out the Jackie Chan tomorrow morning to kill the CEO of BS.