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LoginFed to save Bear Stearns from the Bear
18 posts
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US financial is really in the bad shape.Bush will meet President Working group on Financial market on Monday.but Fed cant wait.
Fed already cut ''the rate on direct loans to commercial banks by a quarter-point''on Sunday 16 ,US time .I think they want to save the market from crash amid the Bear Stearns Cos melt down.
J. P. Morgan Chase will buy the poor Bear Stearns at S$2 a share,a tiny fraction of about $150 a share few months ago and $27 at closing of Friday!!The insolvent of 5 th biggest investment is damn bad ,dragging down other big 4.
Lehman Bro share dropped 14% on Friday was not a good sign.
Who can save America?
2.People lossing confidence on everyone is the cause.
3.
Fed cuts discount rateBy Anne StanleyLast update: 7:57 p.m.(US) EDT March 16, 2008SAN FRANCISCO (MarketWatch) -- The Federal Reserve on Sunday cut the rate on direct loans to commercial banks by a quarter-point and said it will allow primary dealers to borrow at the rate in exchange for a broad range of investment-grade collateral. In a statement, the central bank also extended the maximum term of discount-window loans to 90 days from 30 days. The Fed also OK'd the financing deal announced by J. P. Morgan Chase & Co. (JPM: 36.54, -1.57, -4.1%) and Bear Stearns Cos. (BSC: 30.00, -27.00, -47.4%) . J. P. Morgan on Sunday agreed to buy Bear Stearns for $2 a share.
JPMorgan Chase & CoLast: 36.54-1.57-4.12%
4:02pm 03/14/2008
The Bear Stearns Companies IncLast: 30.00-27.00-47.37%
4:01pm 03/14/2008
Delayed quote dataSponsored by:4.
How hedge funds sank Bear Stearns
- Robert Peston
- 14 Mar 08, 08:52 PM
http://www.bbc.co.uk/blogs/thereporters/robertpeston/2008/03/how_hedge_funds_sunk_bear_stea.html
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His behaviour is becoming increasingly erratic since he has been badly defeated in just about every thread he tried to toot ST's horn in... such as the can fantail be crashed, Mandai UAF equal to Cheyenne Mountain, and more lately the SAR-21 run-for-your-life handle. I kinda love the way he becomes all quiet when he realizes he cannot win and abandons the thread.
Edited by SingaporeTyrannosaur 17 Mar `08, 4:44PM
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oh bro!!
really bad news.Lehman Brothers Holdings Inc. dropped more than 30% .billions dollars of value gone lah.
quote, ;
Moody's cautions on Lehman; shares weakenBy Riley McDermid, MarketWatchLast update: 9:20 a.m. EDT March 17, 2008
http://www.marketwatch.com/news/story/moodys-cautions-outlook-lehman-shares/story.aspx?guid={A43FD63B-1711-42A3-AB27-6C20A416638F}NEW YORK (MarketWatch) -- Lehman Brothers Holdings Inc. dropped more than 30% ahead of the open Monday as Moody's Investors Service trimmed its outlook on the investment bank's debt rating, heightening concerns about liquidity......
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arball, you might actually be right. Deploying its forces into Iraq isn't exactly "low" daily expenditures.
The federal government would most probably have to start pouring money into the situation, and if they can cut forces deployed to Iraq, they might be able free up more $$. We shall see.For once, I'd give Lionnoisy some credit on this. The military runs on $$ after all.
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He seems to think that bad news for the yanks is good news for us?
Has he been listening to anything PM Lee is saying?
But considering he's the one who suggested inline skate force... LOL, I'm not to surprised.
How long more before he's banned from here?
Edited by SingaporeTyrannosaur 17 Mar `08, 10:36PM
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Lehman Brothers Holdings IncLEH (NYSE)
$ 31.75(a share)
Change:-($)7.51-19.13%.as at market closed on Monday.
1.How can a company of 160 years perform like this?
2.What is wrong with US market??
The Bear Stearns Companies IncBSC (NYSE)$ 4.81
Change: -$25.19, -83.97%.
Drop from $171 on 19 jan 2007 to $2 on bailout 16 Sunday Mar 2008!!!!???
Edited by lionnoisy 18 Mar `08, 7:34AM
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Originally posted by lionnoisy:
Lehman Brothers Holdings IncLEH (NYSE)
$ 31.75(a share)
Change:-($)7.51-19.13%.as at market closed on Monday.
1.How can a company of 160 years perform like this?
2.What is wrong with US market??
The Bear Stearns Companies IncBSC (NYSE)$ 4.81
Change: -$25.19, -83.97%.
Drop from $171 on 19 jan 2007 to $2 on bailout 16 Sunday Mar 2008!!!!???
Uhh..... 'what's wrong with the US market'?
You might want to answer this question first: 'Why is this in Military Nuts'?
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Originally posted by fudgester:
Uhh..... 'what's wrong with the US market'?
You might want to answer this question first: 'Why is this in Military Nuts'?
Um, probably because lionnoisy heard that Bear Stearns' CFO's cousin's daughter's office colleague's uncle's pool cleaner's hairdresser's pimp's son serves as a reservist in the National Guard. Hence the "military" connection.
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