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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: LTK007 who wrote (31032)3/16/2008 5:25:37 PM
From: Elroy Jetson  Read Replies (1) of 217581
 
Obviously, as this CNBC article points out, Bear-Stearns will file for bankruptcy if a finacially sound buyer is not found.

Message 24408093

No doubt this will pass on the pain to the Bear-Stearns counter-parties, of which there are many. Perhaps many of them will need to file for bankruptcy.

It's not like Warren Buffett and others have not suggested this is the likely eventual outcome.
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