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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (31233)3/18/2008 9:37:58 AM
From: Snowshoe  Read Replies (1) | Respond to of 218118
 
Ask Bear Stearns Stockholders About Moral Hazard:

Commentary by Caroline Baum

March 18 (Bloomberg) -- Minutes after news hit the tape Friday that Bear Stearns Cos. was getting emergency funding from the Federal Reserve, the Wall Street humor mill was busy at work.

``Thank you for calling Buy-a-Bank,'' said an e-mail from a long-time reader. ``Please listen carefully as our menu items have changed.

For Mandarin, press 1.

For Arabic, press 2.

For takeover of Bear Stearns, press 3.

For Lehman Brothers, press 4.

For any monoline insurer, press 5.

To purchase residual assets of defunct hedge funds, please stay on the line and an operator will assist you.''

bloomberg.com



To: TobagoJack who wrote (31233)3/18/2008 9:50:41 AM
From: carranza2  Respond to of 218118
 
Hope it's not a Swiss Bank - I just bought more Swissie - not that it would make a difference. Will add to Yen, it is probably good to 85.

Took first tiny position on SMN on weakness.

Can't bring myself to short gold, and certainly not on 2x basis, but may sell a bit to recycle into Yessie.



To: TobagoJack who wrote (31233)3/18/2008 9:52:03 AM
From: elmatador  Read Replies (1) | Respond to of 218118
 
Bear Stearns HQ building is worth 6x more than the bank. Only NY headquarters is worth 1.5 billion.

But: JPMorgan Chase will inherit responsibility for more than 200,000 square feet of empty office space at London's Canary Wharf financial district, if its $236 million takeover of embattled Bear Stearns proceeds.

all that above has a huge commercial property blow back and implications.