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

To: TobagoJack who wrote (31289)	3/18/2008 4:56:41 PM
From: Snowshoe	Respond to of 218167

>>So we have govt expropriation.....<< Yep, governments "do stuff".

To: TobagoJack who wrote (31289)	3/18/2008 9:48:35 PM
From: Elroy Jetson	Respond to of 218167

I don't know why Bear Stearns should be trading up - although I've seen this many times before with shares that have been declared bankrupt and without value to shareholders. Until the exchange actually halts trading in the shares there will be people who will speculate in bankrupt shares or in this case above the purchase price. I think it's a gambling instinct like people who play penny stocks. They point to instances where they have made money, even though it makes no sense. In the case of Bear Stearns, I strongly suspect they have negative value. Just think about why the Fed had to guarantee financing of up to $30 billion to pay for a $0.243 billion purchase. Every bank taken over in the early 1990s claimed the government was stealing from them, but as each lawsuit proceeded through court it became plainly clear that each of these banks had negative value. It just took shareholders a long time to get the Memo. .