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

To: elmatador who wrote (40071)	9/18/2008 11:20:21 AM
From: Riskmgmt	Read Replies (1) \| Respond to of 217901

<<MS bought Bear Stearns and itself is in trouble? Doesn't that strike anyone as wayo?>> An excerpt from the news release of the time, Given the near collapse of the Bear Stearn’s stock price, the market cap of Bear Sterns is approximately $4.4 billion, as of midday Friday, March 14, 2008. Given JPMorgan’s strong capital position – $88.7 billion in reserve (resulting in an approximately 8.1% Tier 1 capital ratio and approximately 12.6% capital ration, overall) and $71.9 billion in tangible common equity, at the end of 2007. Given the strength of their financial statements, JPMorgan can easily absorb Bear Stearns without substantially denting their capital. Was this report accurate if so their "strength" seems to have been fleeting.