SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: CageRattler who wrote (76166)3/14/2008 6:25:32 PM
From: XBrit  Read Replies (1) of 116555
 
It strikes me that the issue that Bear has right now is one of gaining confidence in the fixed-income markets.

I happened to be in England when Northern Rock broke. It was obvious within a few day that they were doomed. The B of E bailout actually made the run on the bank get much worse, because the UK govt at the time only guaranteed deposits up to like $50k or so. Similar situation for Bear Sterns... just because the Fed is bailing THEM doesn't mean the Fed will bail their counterparties in the event of failure.

Bear Sterns is the US's first Northern Rock. Won't be the last.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News