Aske
Lederhosen
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Monday-Tuesday Wall St. BloodBath Imminent [Politics/Religion]
« on: March 16, 2008, 03:53:27 PM » |
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« Last Edit: March 16, 2008, 08:22:42 PM by Aske »
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century. -- Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka |
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dystopia
Amazing Technicolor Dreamcoat From: Silicon Valley
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Re: Tuesday BloodBath Imminent
« Reply #1 on: March 16, 2008, 04:53:02 PM » |
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Two Dollars!  JPMorgan to buy Bear for $2 a share http://news.yahoo.com/s/a.../jpmorgan_bear_stearns_18 NEW YORK - JPMorgan Chase said Sunday it will acquire rival Bear Stearns in a deal valued at $236.2 million, a stunning collapse for one of the world's largest and most venerable investment banks.
JPMorgan Chase & Co. said the $2 a share, all-stock deal has received the required approvals from the federal government and the Federal Reserve. Bear Stearns shares close Friday at $30 a share.
(more...)
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Aske
Lederhosen
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Re: Tuesday BloodBath Imminent
« Reply #2 on: March 16, 2008, 05:03:09 PM » |
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Two Dollars! JPMorgan to buy Bear for $2 a share http://news.yahoo.com/s/a.../jpmorgan_bear_stearns_18 NEW YORK - JPMorgan Chase said Sunday it will acquire rival Bear Stearns in a deal valued at $236.2 million, a stunning collapse for one of the world's largest and most venerable investment banks.
JPMorgan Chase & Co. said the $2 a share, all-stock deal has received the required approvals from the federal government and the Federal Reserve. Bear Stearns shares close Friday at $30 a share.
(more...)
wow, that's the best real estate heist in NYC since Peter Minuit |
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century. -- Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka |
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dystopia
Amazing Technicolor Dreamcoat From: Silicon Valley
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Re: Tuesday BloodBath Imminent
« Reply #3 on: March 16, 2008, 05:47:02 PM » |
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Fed moves to protect financial system http://news.yahoo.com/s/n...s_nm/bearstearns_fed_dc_2 WASHINGTON (Reuters) - The U.S. Federal Reserve announced two emergency measures on Sunday to safeguard the financial system, lowering the discount rate it charges on direct loans to banks and announcing a new program to lend directly to other big financial firms.
The central bank said in a surprise statement that it cut the discount rate to 3.25 percent from 3.5 percent, effective immediately, which puts that rate just a quarter point above the interbank overnight federal funds rate, the Fed's primary policy tool.
It also said it was setting up a new lending program under which so-called primary dealers could borrow directly from the Fed at the discount rate.
"Liquid, well-functioning markets are essential for the promotion of economic growth," the Fed said.
The central bank said the new lending facility for the primary dealers, big Wall Street firms with which it deals directly in financial markets, would be open for business on Monday and would be kept in place for at least six months.
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dystopia
Amazing Technicolor Dreamcoat From: Silicon Valley
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Re: Tuesday BloodBath Imminent
« Reply #4 on: March 16, 2008, 07:20:28 PM » |
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Damn, you need to change the title of this thread from Tuesday BloodBath to Monday.
I usually don't go in for the "sky is falling"/chicken-little stuff, but it's looking like a St. Patrick's Day Massacre tomorrow.
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Aske
Lederhosen
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Re: Tuesday BloodBath Imminent
« Reply #5 on: March 16, 2008, 08:08:23 PM » |
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century. -- Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka |
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Aske
Lederhosen
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Re: Tuesday BloodBath Imminent
« Reply #6 on: March 16, 2008, 08:22:16 PM » |
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Fed essentially out of ammo now. Rates can't go much lower. Money supply can't really be 'created' when everyone's selling out of all these derivative products or they are simply ceasing to exist. EUROs trading at 1.6 to 1. GBP trading at 2.02 to 1. Gold up 3% Oil up 1% Nikkei down 5% Dow Futures down 3% already (not even midnight) Greenspan telling oil states to dump the dollar- all but ensuring we're off the $ as the default oil currency within 2 years. Where is the optimistic Hobbit?- or have you finally come over to the dark side and accepted that this country is essentially *fudge*ed once and for all?  |
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« Last Edit: March 16, 2008, 08:26:49 PM by Aske »
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century. -- Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka |
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Aske
Lederhosen
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Re: Monday-Tuesday Wall St. BloodBath Imminent [Politics/Religion]
« Reply #7 on: March 16, 2008, 08:28:05 PM » |
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my guess: "Amero" currency formed by 2011.
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century. -- Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka |
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Fuzzy
Full Metal Jacket From: Island of Misfit Toys
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Re: Monday-Tuesday Wall St. BloodBath Imminent [Politics/Religion]
« Reply #8 on: March 16, 2008, 08:29:56 PM » |
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EUROs trading at 1.6 to 1. GBP trading at 2.2 to 1. Gold up 3% Oil up 1% Where is the optimistic Hobbit?- or have you finally come over to the dark side and accepted that this country is essentially *fudge*ed once and for all? If I admit we're *fudge*ed once and for all could we have a one month moratorium on the doomsday economic threads?   My opinion - We're not *fudge*ed once and for all. |
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"You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose."
From Oh the Places You'll Go, by Dr. Seuss (Theodor Geisel)
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Aske
Lederhosen
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Re: Monday-Tuesday Wall St. BloodBath Imminent [Politics/Religion]
« Reply #9 on: March 16, 2008, 08:44:03 PM » |
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EUROs trading at 1.6 to 1. GBP trading at 2.2 to 1. Gold up 3% Oil up 1% Where is the optimistic Hobbit?- or have you finally come over to the dark side and accepted that this country is essentially *fudge*ed once and for all? If I admit we're *fudge*ed once and for all could we have a one month moratorium on the doomsday economic threads? My opinion - We're not *fudge*ed once and for all. brother, can you spare an ounce of platinum? |
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century. -- Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka |
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gleek
Flak Jacket
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OfflineE chu ta!
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Re: Monday-Tuesday Wall St. BloodBath Imminent [Politics/Religion]
« Reply #10 on: March 16, 2008, 09:46:10 PM » |
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Two Dollars! JPMorgan to buy Bear for $2 a share http://news.yahoo.com/s/a.../jpmorgan_bear_stearns_18 NEW YORK - JPMorgan Chase said Sunday it will acquire rival Bear Stearns in a deal valued at $236.2 million, a stunning collapse for one of the world's largest and most venerable investment banks.
JPMorgan Chase & Co. said the $2 a share, all-stock deal has received the required approvals from the federal government and the Federal Reserve. Bear Stearns shares close Friday at $30 a share.
(more...)
WTF??!? How does a stock trading for $60/share last Thursday get bought out for $2/share? If their situation was that dire, how did the Street not know about it until last Friday? |
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Woman, open the door, don't let it sting. I wanna breathe that fire again.
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hobbit
Tartan Jacket From: The Shire
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Re: Monday-Tuesday Wall St. BloodBath Imminent [Politics/Religion]
« Reply #11 on: March 17, 2008, 12:26:17 AM » |
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Where is the optimistic Hobbit?- or have you finally come over to the dark side and accepted that this country is essentially *fudge*ed once and for all? My optimism doesn't discount trouble, or hard times - it is based upon the fact that trouble and hard times are overcome pretty quickly, and better times are longer lasting. And we're not *fudge*ed once and for all - where do you get this stuff? You mentioned before that you are predisposed to such (negative) thoughts, but I wonder if its an effect of your information sources as well. The people that shape your news are people that always speak of doomsday and 'wars on the middle class' (whatever the *fudge* that is). They are the same people that were still speaking negatively during the boom of the late 90s that you all long for. Its akin to constantly railing about the Cubs or White Sox being the best team in baseball - every 80+ something years you're going to be right. But persistently proclaiming it as true doesn't make you smart or even responsible, you're still only right 1/10 (or less) of the time. I'll stick with the 9 other times that person is wrong and not dwell on the negative for long. Is it going to be bad? Yes. But that doesn't make me turn to the dark side. I'm a Jedi, like my father before me  |
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I've gone to find myself. If I get back before I return, keep me here.
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Spanky
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Re: Monday-Tuesday Wall St. BloodBath Imminent [Politics/Religion]
« Reply #12 on: March 17, 2008, 03:07:44 AM » |
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I'll just say I have to agree with Bilbo here.
But I am curious, Aske what is your solution? If the economy is going to tank and the Euro passes the Dollar what do you do to fix it? What will make the US Economy strong again?
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birdymaker
Straitjacket From: a third world country in the making
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Re: Monday-Tuesday Wall St. BloodBath Imminent [Politics/Religion]
« Reply #13 on: March 17, 2008, 05:10:04 AM » |
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women are like tornados. In the beginning there's a lot of sucking and blowing. In the end, the car's gone, the house is gone..
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gleek
Flak Jacket
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OfflineE chu ta!
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Re: Monday-Tuesday Wall St. BloodBath Imminent [Politics/Religion]
« Reply #14 on: March 17, 2008, 07:51:14 AM » |
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Where is the optimistic Hobbit?- or have you finally come over to the dark side and accepted that this country is essentially *fudge*ed once and for all? My optimism doesn't discount trouble, or hard times - it is based upon the fact that trouble and hard times are overcome pretty quickly, and better times are longer lasting. How is it a "fact" that trouble and hard times are so easy to overcome? What's that famous saying used by stock brokers? "Past performance does not guarantee future results." |
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Woman, open the door, don't let it sting. I wanna breathe that fire again.
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