SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: MulhollandDrive who wrote (110770)3/17/2008 3:23:18 AM
From: patron_anejo_por_favorRespond to of 306849
 
When the Fed said "no recourse" it was all the 'due diligence' they needed.....basically code for "if it's bad, we'll guarantee it!"

Got moral hazard?



To: MulhollandDrive who wrote (110770)3/17/2008 6:02:27 AM
From: Mike JohnstonRead Replies (1) | Respond to of 306849
 
It looks like the Fed paid JPM $30 billion to take over BSC.

The numbers work out like this:

4B-30B= -26 billion

It looks like JPM bought BSC for negative 191 dollars per share.



To: MulhollandDrive who wrote (110770)3/17/2008 9:59:56 AM
From: Jim McMannisRead Replies (2) | Respond to of 306849
 
RE:"Bear managed to survive all other crises, including the Great Depression."

But they couldn't survive this. What does this suggest other than too many greed-stoopid pills?