Comments on: Bear Stearns Bought By JPMorgan Chase

By: jpmorgan chase

jpmorgan chase — Mon, 17 Mar 2008 19:02:22 +0000

[...] buy Bear Stearns Cos . …JP Morgan offers 2/share for Bear Stearns Business Standardmoney.cnn.comBear Stearns Bought By JPMorgan Chase - PoliGazetteJPMorgan Chase has announced, in what??sa sign that the US economy is having some very serious [...]

By: Jay_C

Jay_C — Mon, 17 Mar 2008 16:44:06 +0000

And if this does end up being a bailout trend, to add insult to injury, the FED will esentially be protecting banks that attempted to enrich themselves through wild speculative bets on dubious toxic investments which are now / will become utterly worthless.

By: Jay_C

Jay_C — Mon, 17 Mar 2008 16:00:06 +0000

However, I would not be surprised if we start seeing this happening with other banks as well. (Maybe not right away, but months or a year or so) If that is the case, then yes, it will be a bailout trend. In that case, it will then appear to be more of a systemic crisis, confidence in the FED will be almost nil and if the bailout trend starts continues, then we should be looking for very tough times ahead. (look for signs from companies like Carlyle Capital Corporation, UBS, Merrill Lynch, Lehman Brothers, JPMorgan Chase, ING, Deutsche Bank, Credit Suisse, Citigroup, BNP Paribas and Bank of America). You know, the big banks..

By: Jay_C

Jay_C — Mon, 17 Mar 2008 14:14:49 +0000

I for one say, good call Bob!
Although I wouldn’t expect much more support on your assessment.

By: Bob

Bob — Mon, 17 Mar 2008 13:11:49 +0000

And history repeats itself..again and again.

JP Morgan has surely come a long way since the days of trying to overthrow FDR…or have they?

By: Jay_C

Jay_C — Mon, 17 Mar 2008 12:34:36 +0000

This is really more of a fire sale than a bailout. I read elsewhere that today may be the closest we come to a black monday redux?