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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (3712)	3/11/2008 7:42:26 PM
From: Investor2	Respond to of 10065

Wow! It caused a HUGE move in short- to intermediate-term interest rates! quote.yahoo.com Best wishes, I2

To: Boca_PETE who wrote (3712)	3/14/2008 6:17:59 PM
From: Investor2	Read Replies (1) \| Respond to of 10065

Fed and Rival Bail Out Bear Stearns biz.yahoo.com Snips from the article: "On the verge of a collapse that could have shaken the very foundations of the U.S. financial system, investment bank Bear Stearns Cos. was bailed out Friday by a rival and the federal government. ... If Bear Stearns were to go under, "it has the potential of bringing down the whole market," said Richard Bove, an analyst at Punk, Ziegel & Co. ... In backing up JPMorgan, the Fed dusted off a rarely used, Depression-era provision to provide loans. It also said it was ready to step in to fight an erosion of confidence in the nation's largest financial institutions. ... JPMorgan, the nation's third-largest bank, has been hurt far less by the mortgage mess than other financial institutions. It will provide secured loans to Bear for four weeks -- insured, in essence, by the Fed. ... Bear Stearns has racked up $2.75 billion in write-downs since last year, and releases first-quarter results on Monday that could show more losses." Could be an interesting Monday. Best wishes, I2