Skip to comments.
Fed acts Sunday to prevent global bank run Monday ( Bear Stearns Taken over,...rates cut )
MarketWatch ^
| 9:40 p.m. EDT March 16, 2008
| Rex Nutting, MarketWatch
Posted on 03/16/2008 6:52:34 PM PDT by Ernest_at_the_Beach
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-80 ... 181-194 next last
To: NormsRevenge; Grampa Dave; SierraWasp; Dog Gone
To: Ernest_at_the_Beach
BAILOUT.
Do we really want the Federal Government to be the backstop for every (major and minor) financial downfall in our country? Just wondering here.
3
posted on
03/16/2008 6:54:46 PM PDT
by
vox_freedom
(John 16:2 yea, the hour cometh, that whosoever killeth you, will think that he doth a service to God)
To: Ernest_at_the_Beach
4
posted on
03/16/2008 6:56:05 PM PDT
by
spanalot
To: Ernest_at_the_Beach
This is not good. The feds are expected to cut the discount rate another half point on Tuesday. And then Greenspan was grousing about the worst situation since WWII, yet somehow FAILED to mention that he caused much of this mess! He’s the guy who left the fed rate at 1% waaay too long and got us into this mess. Of course, if you remember, Greenspan did this to get us out of te tech bubble he also helped create.
5
posted on
03/16/2008 6:56:54 PM PDT
by
Obadiah
To: vox_freedom
I don’t really think this was as much of a bailout as you might think. They fascilitated a merger and at the same time made sure the markets had something to rely on. Bear Sterns shareholders were only paid $2.00 per share...effectively JPMorgan Chase got them for nothing. Where’s the bailout in that other than to make sure money market funds didn’t have to break the buck by losing on faile Bear repos. JPM Chase now makes good on those obligations and all Bear shareholders lose everything.
To: Ernest_at_the_Beach
I’m going to get out early tomorrow morning so I can claim the best corner for my apple stand.
7
posted on
03/16/2008 7:00:12 PM PDT
by
NaughtiusMaximus
(Refusing to calm down since the Waco massacre.)
To: irish guard
...all Bear shareholders lose everything.I wonder how many margin calls that's going to trigger.
8
posted on
03/16/2008 7:00:54 PM PDT
by
DuncanWaring
(The Lord uses the good ones; the bad ones use the Lord.)
To: vox_freedom
I don’t because the Fed is funded by you and me im sick of paying everyones way f them
9
posted on
03/16/2008 7:00:57 PM PDT
by
al baby
(Hi mom)
To: DuncanWaring
10
posted on
03/16/2008 7:01:35 PM PDT
by
Obadiah
To: Obadiah
I think I need to go to Walmart before the prices go up....
To: irish guard
...I dont really think this was as much of a bailout as you might think. They fascilitated a merger... From article: The Fed board also approved the creation of a special lending facility through the New York Fed that would be available to members of its primary dealers list, which includes both commercial banks and investment banks.
This is what I'm asking about, not just the Bear Stearns "fire sale." The bailout of perhaps dozens or hundred or more will likely be in the offing...
12
posted on
03/16/2008 7:02:18 PM PDT
by
vox_freedom
(John 16:2 yea, the hour cometh, that whosoever killeth you, will think that he doth a service to God)
To: Travis McGee
Merry-Monday-WTF-now ping.
13
posted on
03/16/2008 7:02:54 PM PDT
by
DuncanWaring
(The Lord uses the good ones; the bad ones use the Lord.)
To: Ernest_at_the_Beach
The sky is falling! Duck!
14
posted on
03/16/2008 7:03:11 PM PDT
by
BellStar
(In Arab culture and under Islamic law, if your father is a Muslim, so are you Obama!)
To: Ernest_at_the_Beach
The Asian markets are down again anyway.
15
posted on
03/16/2008 7:03:13 PM PDT
by
kms61
To: Ernest_at_the_Beach
I'm really crossing my fingers and hoping we're NOT going to have a repeat of the 1930's, when the Great Depression lead to political extremism and that led to a world war.
To: Ernest_at_the_Beach
Wal-mart would actually be a safe bet for a stock investment now. That, BJ warehouse and Costco.
17
posted on
03/16/2008 7:03:57 PM PDT
by
BGHater
($2300 is the limit of your Free Speech.)
To: Ernest_at_the_Beach
Ok, please explain this to this poor girl who does not understand the ins and outs of the stock market.
Thank you.
To: vox_freedom
While it is unusual, I don’t see the creation of such a facility as a bailout. On the other hand, let me say that a year from now, when the dust has settled and we read about all this, I suspect you might actually feel different about the Fed’s actions.
To: Obadiah
Was Greens pan misquoted again by the Dem party operatives at AP?
I stopped believe these quotes after the Dem Media misquoted the guy twice !
Bearns group was stupid enough to get hooked up with the
Carlye group !
20
posted on
03/16/2008 7:06:05 PM PDT
by
ncalburt
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-80 ... 181-194 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson