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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: Rock_nj who wrote (130128)3/17/2008 12:05:44 AM
From: stockman_scott  Read Replies (1) | Respond to of 361203
 
crony capitalism helps explain it...Yet, maybe Bear Stearns should have been allowed to fail (just like Enron).



To: Rock_nj who wrote (130128)3/17/2008 6:19:35 AM
From: Travis_Bickle  Respond to of 361203
 
There are a limited number of companies that can borrow directly from the fed, JPM is one of them.

Imo the value of BSC common is negative (ie assets worth much less than liability), they are in effect doing a bankruptcy liquidation without involving a court, while at the same time throwing a very tiny bone to the shareholders.

I'm sure the lawsuits will be flying.


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