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To: Snowshoe who wrote (242286)3/16/2008 7:32:02 PM
From: Bridge Player  Read Replies (2) | Respond to of 793939
 
I think that $2/share price is totally obscene. Their building alone in NYC is reportedly worth over $1 billion.

I am very fearful about the market tomorrow.



To: Snowshoe who wrote (242286)3/16/2008 7:53:14 PM
From: KLP  Read Replies (2) | Respond to of 793939
 
Historic times for sure! Where have the overseers been? And the regulators? Why has Congress not been on top of this? There are going to be multi-questions.... and darned few answers.

The thinking here has been all along that this is much more than bailing out a company or two. Sounds to me like chaos.

When will the bundler's of the bundles, multiplied by the hundreds, and probably thousands, eventually know what, if anything, is/was in the bundles?????

There are people who should go to jail. Who, and will they?



To: Snowshoe who wrote (242286)3/16/2008 10:13:17 PM
From: DMaA  Respond to of 793939
 
Based on the publicly known information the market valued it at $30 on Friday and Morgan buys it for $2 over the weekend. Crucial information needed to value a security is being withheld. How can an investor ever trust this market again?