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

To: Elroy Jetson who wrote (30953)	3/15/2008 4:50:13 PM
From: stan_hughes	Respond to of 217603

No problemo, amigo -- en.wikipedia.org FWIW, IMO this will be a dismemberment exercise in divvying up the Bear carcass with JPM acting as chief surgeon, not a takeover per se by a single firm However they slice it (pun intended), I'll also be astounded if the common shareholders get anything

To: Elroy Jetson who wrote (30953)	3/16/2008 3:13:54 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 217603

I was wrong, Bear-Stearns may go to JP Morgan. Potential bidders for Bear have been narrowed to J.C. Flowers and J.P. Morgan Chase. Bear Stearns Weekend Talks Reveal 2 Key Contenders By Charlie Gasparino, CNBC On-Air Editor -- CNBC.com -- 15 Mar 2008 Department heads at Bear Stearns met with officials at J.C. Flowers and JPMorgan Chase Saturday afternoon to give an overview of their business divisions, including headcount and profit and loss positions, CNBC has learned. The discussions indicate that potential bidders for Bear have been narrowed to those two firms, although other last minute contenders could still weigh in, according to one source aware of the talks. While Bear would certainly like more bidders, time has become a major issue for the investment bank. On Friday Bear Stearns , the fifth largest U.S. investment bank, said a cash crunch forced it to turn to the Federal Reserve and JPMorgan for emergency funds, intensifying fears of a widening global credit crisis and driving its shares down as much as 50 percent. It also stepped up efforts to find a buyer. On the same day S&P lowered its long-term counterparty credit rating on Bear to "BBB" from "A," and it placed long-and short term ratings on credit watch with negative implications. Because of that S&P downgrade, bankers have now come to the conclusion that a deal must be done by Monday morning because no one on the street will trade or lend to Bear Stearns, which is rated a notch above junk bond levels. If the downgrade hadn't happened, Bear management would have had more time to work the Street for a deal, sources said. The big question in the talks is price. Bear has been touting its $80 a share book value but no one is willing to pay that. It is very hard to value the firm and its businesses. One person close to the deal said the price could end up as low as $15 a share or less, depending on Bear's liabilities and balance sheet. Aside from its clearing and prime brokerage operations, which get good marks, the rest of Bear's business lines are considered mediocre at best, according to various Wall Street executives. The stress level at Bear among executives whose life savings is tied up in the company's stock was palpable Saturday as the meetings to determine the value of Bear continued. "Everyone is here," said one Bear Stearns official on Saturday evening. "The dining room is open, the whole thing is open. It's just one big 10-hour meeting." If there's no deal Bear Stearns will have to file for bankruptcy, executives said. People close to the deal say JPMorgan is the likely candidate to take over Bear because the firm has the capital to purchase the entire firm. J.C. Flowers might just bid on pieces of the firm rather than the whole. Still it is not clear what JPMorgan CEO Jamie Dimon will do if his company buys Bear; he hates the bank and doesn't need traders. The likely scenario, sources say, it that he gets rid of most everything except prime brokerage and clearing operations. He also apparently likes the Bear building which is around the corner from the less elegant Chase headquarters. One big problem is that whoever buys Bear will want to retain some of the talent. However, they are already being offered jobs elsewhere. In the meantime, the Bear debacle is a huge blow to New York City and its Metro-area economy where most of Bear's workforce lives. Many will be out of work. Bankers and other execs have lost fortunes since many were paid in Bear stearns stock. The Bear situation rocked bank stocks Friday. Shares of Lehman Brothers Holdings fell sharply, as did Morgan Stanley and Goldman Sachs Group. .

To: Elroy Jetson who wrote (30953)	3/16/2008 4:06:07 PM
From: LTK007	Read Replies (2) \| Respond to of 217603

And what if J.C.Flowers and J.P. Morgan go through their calculations and realize it would be committing Hari Kari if took over BSCS, would they still proceed to take over?? i think not. As Jim Rogers has been howling just let the crooked corrupt BSCS DIE! Fed stop! trying to save the crooks and think about the public. ********************************************************** 10 minutes of Fun as Rogers takes on CNBC Maria and another person, and this just after DOW had closed up over 400points. 3/13/2008 youtube.com At very end Maria says look China is having Inflation problems and Jim R says at least they are honest about it and seeking to do something about it, here------ ********************************************************** He said something as time went out , but the message was in U.S. its lie lie , saying there is no inflation as inflation rising rising, this Orwellian Nightmare will have dark end, imo. i have to feel the public when advised government said there wasno inflation last month, and inflation is not a problem MUST have recognized this was a blatant lie. The reality in there life is rising rising bills and they hear that crap--it isblatant BS like that that will build up ANGER in the U.S.populace. But his fundamental message is the samewe have been saying all along----the more you fight to prevent a recession THE WORST it will get--in the end it will be MUCH WORSE than if we just let recessions happen** Max