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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: epicure who wrote (54170)3/16/2008 10:55:04 PM
From: Katelew  Read Replies (1) | Respond to of 542946
 
I'm confused by all this right now. I've had JPM on a watch list for awhile, but the size of it's own derivatives was daunting.

You could be right. JPM may be stronger than appeared if the Fed was willing to back their participation.

The problem with all the banks, though, is that except for relief rally bounces, they will probably be dead money for quite awhile. I don't see where the growth will come from after this credit debacle and the legislation that is sure to come.



To: epicure who wrote (54170)3/16/2008 11:44:10 PM
From: ChinuSFO  Respond to of 542946
 
Not sure if you folks are aware of this. THings seem to be moving very fast.

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JPMorgan Chase Buys Bear Stearns for $240 Million (Update2)

By Yalman Onaran
Enlarge Image/Details

March 16 (Bloomberg) -- JPMorgan Chase & Co. agreed to buy Bear Stearns Cos. for about $240 million, less than a 10th of its value last week, after a run on the company ended 85 years of independence for Wall Street's fifth-largest securities firm.

bloomberg.com