View from the Center and Left Message Board

STOCKTALK

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.

Politics : View from the Center and Left

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Katelew who wrote (54154)	3/16/2008 10:21:49 PM
From: Cogito	Read Replies (3) of 542894

>>Bob, the Bear Stearns news is unbelievable!!!! I was just looking at it Friday, trying to figure out what the book value might actually be as a sum of the discounted parts.<< Kate - I was just speaking of some friends of mine in New York, people who have been heavily involved in the finance business since the 60s. They were telling me that Bear's book value was calculated earlier this week as being around $80 per share. They were stunned at this development. And you are right about all the other investment banks and brokerage being counterparties. But a lot of the European ones were getting out of their contracts with Bear all last week. Essentially, there was a run on the bank. - Allen

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next