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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: SliderOnTheBlack who wrote (8491)3/17/2008 2:38:41 PM
From: ecrire  Respond to of 50742
 
Quite correct. JPMorgan, in cohoots with the Fed allowed to steal BSC for $236 million; their Manhattan building alone valued at l l/2 billion; all their CMO's and other instruments valued at Zero? It's unadulterated robbery; a financial swindle without precedent. Maybe some sovereign wealth fund can appear with a more equitable proposal to undo this criminal act, sanctioned by a slimy Fed (owned by member banks) who don't like BSC.



To: SliderOnTheBlack who wrote (8491)3/17/2008 3:45:24 PM
From: wildandwonderful  Respond to of 50742
 
I had a Bear Sterns account last year and I dropped in to see their operations at 5th and Madison. They were all cocky sons of bitches. They showed me the Trading Floor and offered me crab cakes at their 5 star in house restaurants.
I basically play distressed securities and the price they offered me was no where,I could buy at any discount brokers.
They were basically thought they were too smart and rest of us who did not from NYC were very backward. I knew then Pride comes before a fall. I closed my account the same day.