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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (30870)	3/13/2008 5:46:20 PM
From: LTK007	Read Replies (1) \| Respond to of 217532

it was very likely Bear Sterns, yes, imo.

To: Elroy Jetson who wrote (30870)	3/14/2008 4:32:54 AM
From: elmatador	Respond to of 217532

Biggest mistake the US did. It could have avoided the downfall: Politicos -both in LATAM and US- blocked the "Initiatives for the Americas". Bush Senior. Rememebr the sucking sound of jobs going south of the border? If the US had pressed a NAFTA from Snowshoe to Tierra de Fuego, the fall would have been arrested as a richest continent on earth. But they failed to see the Tsunami. Granted the Salim's and the oligarchs didn;t want it. But the US had the critical mass to lead the continent. Example is Europe with its economy which emcompasses 25 countries today.

To: Elroy Jetson who wrote (30870)	3/14/2008 9:54:20 AM
From: LTK007	Respond to of 217532

JPMorgan Chase, NY Fed To Provide Financing To Bear Stearns Last update: 3/14/2008 9:28:09 AM DOW JONES NEWSWIRES J.P. Morgan Chase & Co. (JPM) Friday said it agreed, in combination with the Federal Reserve Bank of New York, to provide secured financing to Bear STEARNS Cos. (BSC) as needed for an initial period of up to 28 days. The Fed, through its discount window will provide non-recourse, back-to-back financing to J.P. Morgan, according to a press release. J.P. Morgan said it is working closely with Bear STEARNS on securing permanent financing or "other alternatives" for the company, which has seen its shares fall recently on concerns about its liquidity. "Bear STEARNS has been the subject of a multitude of market rumors regarding our liquidity," President and CEO Alan Schwartz said in a statement. "We have tried to confront and dispel these rumors and parse fact from fiction. Nevertheless, amidst this market chatter, our liquidity position in the last 24 hours had significantly deteriorated." J.P. Morgan said it doesn't think the arrangement exposes its shareholders to "any material risk." -John Spence; 415-439-6400; AskNewswires@dowjones.com (END) Dow Jones Newswires March 14, 2008 09:28 ET (13:28 GMT)