Stearns

Why hold back feelings? Vincent Reinhart, former head of monetary affairs at the Federal Reserve called the deal to save Bear Strearns (BCS) by backing a sale... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

-wall-streets.html Here's another perspective on the Bear Stearns issue with the SEC. The primary focus on this is how the SEC had acknowledged Bear Stearns shady pricing methods for their CDOs but did nothing to stop them until the bail out. On a personal note, I have large issue with the concept of a tax payer bail out. Whether the government admits it or not, when the Federal Reserve backs these deals it is you and me that foot the bill if things go sour. We as taxpayers should not have to pay for their indiscretions that made them a fortune over the boom of subprime lending but has now led to their demise.

I found this article interesting in that it points out how difficult it will be to get these executives for fraud without an email basically saying that they willfully provided valuations despite having knowledge that they were incorrect. What the article does not address is whether the action would fall under Sarbanes Oxley which would provide prosecutors with another means of pursuing these executives in court.

From: The day the financial world almost ended   "Given the exceptional pressures on the global economy and financial system, the damage caused by a default of Bear Stearns could have been severe and extremely difficult to contain," said Bernanke. Those words should send chills down every spine in America. I might understand such damage occurring if one of our major commercial banks failed. But an investment bank? "The fate of Bear Stearns was the result of a lack of confidence, not a lack of capital," continued Christopher Cox, chairman of the SEC, making it abundantly clear the real problem was the lack of confidence in Bear Stearns. Alan Schwartz, Bear Stearns CEO, echoed the Cox comments by adding that what brought Bear Stearns to its knees was not a lack of capital or liq

On the April 11th episode of Real Time, Bill Maher gave politicians a week off while targeting the Catholic Church. Appropriate, of course, with the Pope about to visit the U.S. Of course, he didn't leave Warren Jeffs totally unscathed. And of course, it's true that the U.S. is basically bailing out Bear Stearns and Wall Street while Main Street has to go it alone. Here's what he had to say in the final mini-segment of New Rules this week: Whenever you combine a secretive compound, religion and weirdos in pioneer outfits, there’s going to be some child-f*cking going on. In fact, whenever a cult leader sets himself up as "God’s infallible wing man" here on earth, lock away the kids. Which is why I’d like to tip off law enforcement to an

Thanks to a silly SEC requirement, TheStreet.com made Jim Cramer’s salary a matter of public record. The stock picker of questionable talent saw his pay jump 30 percent, earning a base of $1.3 million this year (up from $1m) and, by 2010, some $1.87 million. Since we’re crunching numbers, consider what would’ve happened...

By Robin OBrien Stearns and Foster has a reputation of making the best innerspring mattresses in America. While, this may well be true, you should know exactly what you're buying so you can be... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The New York Times Bear Stearns never ran short of capital. It just could not meet its obligations. The S.E.C. still thinks Bear Stearns was in good shape. At least that is the view from Washington, where regulators never stepped in to force the investment bank to reduce its high leverage even after it became clear Bear was struggling last summer. Instead, the regulators issued repeated reassurances that all was well. Bear’s principal regulator was the Securities and Exchange Commission, which says it was watching closely. “At all times,” wrote Christopher Cox, the S.E.C. chairman, in the aftermath of the collapse, “the firm had a capital cushion well above what is required to meet supervisory standards.” Even when the Federal Reserve concluded it had to subsidize

REGULATORS TELL SCHUMER: BEAR STEARNS’ CASH SHORTAGE WAS UNKNOWN UNTIL IT WAS TOO LATE, SHOWING NEED FOR REGULATORY REFORM Washington, D.C. - Under questioning today by U.S. Senator Charles E. Schumer (D-NY) at a Senate Banking Committee hearing, Federal Reserve Board Chairman Ben Bernanke and other top regulators admitted that none of them knew of the [...]

Bernanke Says Fed Acted to Prevent Collapse of Bear Stearns to Protect Financial System By Martin Crutsinger, AP Economics Writer WASHINGTON (AP) — The Federal Reserve’s unprecedented actions to prevent the collapse of Bear Stearns were taken to preserve the “integrity and viability of the American financial system” and did not represent any kind of bailout, Fed [...]

By Sue Kirchhoff, USA TODAYWASHINGTON — Federal Reserve Chairman Ben Bernanke said Wednesday that the economy could fall into recession, as housing and financial markets remain distressed despite dramatic Fed interest rate cuts and emergency lending. "It now appears likely that (the economy) will not grow much, if at all, over the first half of 2008 and could even contract slightly," Bernanke told the Joint Economic Committee. He expects activity to pick up into 2009 but warned that major risks remain. "We are fighting against the wind," Bernanke said. Bernanke staunchly defended the Fed's decision last month to broker JPMorgan Chase's (JPM) takeover of investment bank Bear Stearns, (BSC) including approval of a loan backed by $30 billion of Bear Stearns assets. MORTGAGE DEMAND DROPS: In

By Sue Kirchhoff, USA TODAYWASHINGTON — Federal Reserve Chairman Ben Bernanke said Wednesday that the economy could fall into recession, as housing and financial markets remain distressed despite dramatic Fed interest rate cuts and emergency lending. "It now appears likely that (the economy) will not grow much, if at all, over the first half of 2008 and could even contract slightly," Bernanke told the Joint Economic Committee. He expects activity to pick up into 2009 but warned that major risks remain. "We are fighting against the wind," Bernanke said. Bernanke staunchly defended the Fed's decision last month to broker JPMorgan Chase's (JPM) takeover of investment bank Bear Stearns, (BSC) including approval of a loan backed by $30 billion of Bear Stearns assets. MORTGAGE DEMAND DROPS: In

Another director of Bear Stearns Companies, Inc. (NYSE: BSC) has unloaded his holdings as the stock was trading north of a buyout price for some time. Paul A.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

[...] I said it once and I’ll say it again, all these banks and brokers are nothing more than scummy peddlers. the sooner you stop believing a word they say and begin expecting the worst, the better off you’ll be. Rest assured, this is not the last mammoth scummy p eddler writedown…not by a long shot! [...]

The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. The main business areas, based on 2006 net revenue distributions, are: capital markets (equities, fixed income, investment banking; just under 80%), wealth management (under 10%) and global clearing

"At least the U.S. economy has started to look more like a soap opera and less like a Greek tragedy this week. Maybe we can get out of the current market situation without having to watch every player die a bloody, violent death, afterall… or maybe not. Either way, I’d bring a an umbrella to [...]

Here we go again. After every major financial scandal, Congress has to step in with inquiries and hearings. Other than the fact that these hearings very rarely provide any new information, inform Congress or the public with specifics, or end up blaming anyone, it also shows how ineffectual Congress is, since no one asked them for an opinion when the deal was being hammered out and they're in no

As you said, it would definitely be a mistake to get an MBA without work experience first; it won't help you get into finance at all if you go to a lower-tier school. The Master's program you mention will not give you a significant advantage; although it is at a good school, it's not equivalent to an MBA.

The recent government-sponsored bailout of Bear Stearns, one of the top five lenders in the United States, has shocked traders and left investors cold. Despite the chilly reaction on Wall Street, secretly many are breathing a sigh of relief. While Bear Stearns was mismanaged from its upper echelons, its subprime exposure grew until their recent [...]

James Cayne, chairman and, before he was asked to leave, CEO of Bear Stearns (NYSE: BSC) sold all of his holdings in the firm for $61 million, according to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Bear Stearns Companies Inc. (NYSE: BSC) has an SEC filing out showing that Chairman James "Jimmy" Cayne sold shares the day after JPMorgan Chase (NYSE: JPM)... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Economics is one of the most complicated social sciences one can study, and for good reason: besides the basics of supply and demand, the roles of human psychology and the inter-relations of a complex economy in today's world can be confusing. That's why I liked an article by David Weidner in today's MarketWatch.com on how the Bear Stearns bail-out may actually help save Main Street:If you're thinking about refinancing your mortgage, getting a loan to buy a new car, or switching to a lower-interest rate credit card, you can thank the Federal Reserve for your ability to do so. You might also want to mention that the recent boost to your 401(k) portfolio is appreciated as well. Though it may not be obvious, anyone who participates in the credit world -- a

You have to ask the question: can the up-‘til-now untouchable Manhattan real estate market survive under the weight of Wall Street’s banking implosion? Bear Stearns folks suddenly seeing their stock-based bonuses disintegrate into nothing and credit and capital fleeing the building at an alarming rate, are those priciest of pricey pads going to be able to hold their value?As usual, the answer depends on location and price point. Remember one thing: there is limited supply in Manhattan and the city’s troubles of previous real estate downturns (high crime, filth and economic issues in the city’s own coffers) don’t exist today. Demand is high and that is the core of the Big Apple’s ability to survive this.

Hoping to quickly seal its government-backed takeover of struggling brokerage Bear Stearns Cos., banking giant JPMorgan Chase & Co. on Monday said it would pay five times its original offering price for the firm and shift $1 billion of risk in the deal from the Federal Reserve’s shoulders to its own.The unprecedented and controversial rescue [...]

By Jennifer Ablan NEW YORK (Reuters) - A used T-shirt bearing the Bear Stearns logo has sold for $151.76 online, worth about 14 or 15 shares in the once venerable Wall Street investment bank. Bear Stearns shirts and other trinkets have been snatched up in recent days on eBay’s Internet auction site. This particular extra-large men’s T-shirt, blue, [...]

Bear Stearns again.Today, I had lunch with a equity trader in my bank (we are not in Bear Stearns). He knows a friend at Bear Stearns who really cried. Why?His friend got his bonus in Bear Stearns Stocks, which were granted when the stock were still above USD100. When JPM offer to buy BSC with stocks which valued at USD2, the poor Bear Stearns employee basically lose all his bonus.Worse is that we thought this bonus would have probably been taxed. If the tax rate was 30%, he paid USD30, then the stocks became USD2, what a big loss!Now the offer from JPM raised to about USD10, it is still a big loss to our dear friend at Bear Stearns.

JPMorgan Chase announced this morning that it had revised the terms for a takeover of beleaguered investment bank Bear Stearns, upping the bid to $10 a share from just $2 previously. Bear Stearns common stock would now be exchanged for 0.21753 shares of JPMorgan Chase common stock (up from 0.05473 shares), based on Chase’s Thursday closing [...]

JP Morgan (NYSE: JPM) revised its $2 offer for Bear Stearns (NYSE: BSC) up to $10. Bear now trades at $11.40. Someone may think that JPM or another entity may... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

From Bloomberg: JPMorgan Chase & Co. agreed to quadruple its offer for Bear Stearns Cos. in an effort to overcome opposition from the shareholders of the crippled securities firm. Bear Stearns stock almost doubled.So those who bought BSC when it was trading at USD 2 something has made a 4 times profit!

Andrew Ross Sorkin, New York Times - Under the terms being discussed, JPMorgan would pay $10 a share in stock for Bear, up from its initial offer of $2 a share — a figure that represented a mere one-fifteenth of Bear’s going market price. The Fed, which must approve any new deal, was balking at the new offer price on Sunday night after several days of frantic, secret negotiations...Bear’s board

JPMorgan (JPM) in talks to quintuple the buyout price of Bear Stearns (BSC) from $2 to $10/share. Read the Marketwatch article HERE. Basically to shut up angry shareholders–including one very angry billionaire. I’m sure there’ll be updates… UPDATE: I know I posted JP Stearns new logo HERE before, but now I’m getting word it’s being redone [...]

In what is likely to be a bit of a blockbuster, SEC charman Christopher Cox sent a letter to Swiss regulators indicating the Bear Stearns (NYSE:BSC) did not... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The last 5 to 10 trading days have been dominated by Bear Stearns (NYSE: BSC). Whether it was over the counterparties ceasing to accept their credit, whether... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The world moves faster today than it has ever before. And while that’s good in some cases, it can prove disastrous in others. Investment bank Bear Stearns recently learned a hard lesson when it comes to how quickly news travels. The rise of online media, the increasing interconnectedness of global financial markets, and healthy dose [...]

I believe this past week will be remembered for a very long time. The question that remains on most peoples' minds is, "how could a relatively small number of defaults on mortgages cause such a financial crisis?" The answer is simply, risk. With greater risk comes greater returns. However, most people never truly contemplate the potential results of risk when times are good, especially when it comes to home prices. Home prices have historicaly never really come down - they steadily go up. It seemed like a win win deal. Without going into too much detail, home prices did go down, and the percentage of foreclosures and defaults doubled (still, a relatively small number compared to good loans). Bear Stearns happened to be a big time player in the mortgage securities business. They were extrem

Financial News Online The Senate Finance Committee's top Republican said late last week that he has directed his staff to probe the actions of Bear Stearns executives. Sen. Charles Grassley, R-Iowa, said he is concerned that insiders and senior executives may benefit from the fire sale of the company to JP Morgan Chase over the weekend leading up to March 17. In a statement, Grassley said he is specifically curious about how company executives would have fared if the company had filed for bankruptcy. 'I'm not arguing with the marketplace, but I'm going to argue with people who have insight and take advantage of it,' Grassley said in an interview on Fox Business Network. When asked about comments from top Bear Stearns executives that the company was liquid just days before th

Bear Stearns head honcho Alan Schwartz has an overflowing cup of woes. The latest to pile on is the Securities and Exchange Commission. From Forbes - The SEC's enforcement division has written a letter to JPMorgan Chase saying the staff discussed "investigations and potential future inquiries into conduct and statements by Bear Stearns" before the announcement of the takeover. However, it added

Last night when my wife asked me what the “credit crunch” was all about, I responded, “Well uh, you know, it’s because of the sub-prime mess….and, uh, the banks and…. It was a really bad answer, but truth be told, I didn’t really understand what it was all about. I know about the sub-prime mess [...]

Earlier today, Greg Ip from the Wall Street Journal’s Economic Blog picked up on former Federal Reserve Chairman Paul Volcker’s appearance on the “Charlie Rose Show” last night. Volcker, who I talked about in a post back on January 18 and who is credited with ending the rampant inflation of the 1970s by aggressively [...]

We’ve had major surprises in the past few weeks. Politically, the Eliot Spitzer revelation and resignation caught everyone totally unaware. Socially, some of us witnessed a gory geek-led attack on Sarah Lacy for soft-balling an interview with Facebook’s notoriously-shy Mark Zuckerberg. Culturally, France’s foreign minister suggested an EU boycott of the Olympic opening ceremony as [...]

The reality is no one knows what's going on. Neither the CEOs of the companies, the Fed, nor any of the Managing Directors know what's going to happen. Will people be fired? Yes. But no one knows how many, who, or when, and anyone else saying otherwise is simply spreading false rumors.

It was the cleanest theft since the Great Brink's Robbery in 1950. The Fed and JP Morgan (JPM) got the Bear Stearns (BSC) management is a room over the weekend... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Following a lawsuit filed by the National Community Reinvestment Coalition against the Federal Reserve-backed purchase of Bear Stearns by JP Morgan for $2 per share, there have definitely been opposing opinions about this deal. From a USA Today report:As the government-backed sale of Bear Stearns (BSC) shows, one man's bailout is another man's prudent government action to forestall a financial crisis. Some have criticized the Federal Reserve for providing $30 billion in financing to facilitate the investment bank's forced sale to JPMorgan Chase (JPM). "I do see it as a bailout. … We may be left holding the bill as taxpayers," says John Taylor, CEO of the National Community Reinvestment Coalition...The Fed's role in the Bear Stearns sale could end up costing taxpayers — or the governme

Although many bloggers (myself included) were using Bear Stearn’s Monday’s decline from $30 to $2 as a reason not to stress NOT catching a falling knife, one can’t deny today’s result – which is that the stock has more than doubled intraday from yesterday’s close. From an intraday low near $3.50 yesterday, Bear (BSC) has reached [...]

"I've been at Bear for 11 years and I want to vomit," "Where is the $2 bill?" I might need that tomorrow!""The price is crazy. Someone who'd won the lottery could have paid that price.""It's not a bankruptcy, that's the good news, but JPMorgan is going to come out today and tell us what they think of us." "A lot of these people are going to lose their jobs, and most of their wealth will have been in share options. They're soon going to be looking for a cheaper place to live.""Bear does not offer payouts, known as 'golden parachutes,' for executives in the event of it being taken over."One Bear Stearns employee, when asked for a reaction snapped: "You must be joking. What are you, a vulture? Ge

Let's face it. The $236 million sale of Bear Stearns at $2 per share to JPMorgan is a sham. Senior Executives, with stakes of over $100 million even at the reduced pre-sale market price of Bear shares, saw their life savings go up in smoke. So did the former James E. Cayne, the former Chief Executive, who holds 5.8 million shares which are now valued at $28 million, considering the current market

Some comments on the bailout from Stratfor:It is important to understand what the Fed was trying to achieve. In essence, its goal was not complicated. It was trying to manage the collapse of a financial institution — Bear Stearns — such that it did not default on its clients, individual and institutional. The threat it faced was of bank failures, in which depositors would lose their savings. If Bear Stearns had been unable to carry out financial transactions on Monday morning because of a lack of cash, its clients effectively would have found their assets frozen. And that would have touched off a ripple through the financial system that might have caused a series of uncontrollable failures.The Fed did two things to prevent this scenario. First, it engineered a buyout of Bear Stearns by

Bear Stearns's Advice To MicrosoftWill Microsoft's bid for Yahoo! become a casualty of the Bear Stearns fallout? Link - Mon, 17 Mar 2008 22:51:18 GMT - Feed (2 subs) Sent using SendMeRss.com. Visit here to unsubscribe from "2-business" via X2 in Google. Recommended Feeds/Actions Subscribe NBCSports.com - NBA Photos

If You’re running Windows and IE…. You can see these Interactively… HERE and HERE Don’t bother if you don’t have Explorer on Windows. addthis_url = 'http%3A%2F%2Floscuatroojos.com%2F2008%2F03%2F18%2Fwanna-see-who-bear-stearns-is-connected-to-wanna-see-why-its-so-damn-terrifying-if-they-fall%2F'; addthis_title = 'Wanna+See+Who+Bear-Stearns+Is+Connected+To%3F%26%238230%3B+Wanna+See+Why+It%26%238217%3Bs+So+Damn+Terrifying+If+They+Fall%3F'; addthis_pub = '';

SEOUL - Total investments by South Korean financial companies in former Wall Street giant Bear Stearns stand at 443.1 billion won (US$432.7 million), financial regulators said on Tuesday. JPMorgan... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The Indian outfit of US's fifth largest investment bank, Bear Stearns, on Monday began liquidating its holdings in India, triggering fears of a further plunge in the stock prices of mid-cap companies held by it. Bear Stearns Mauritius Ltd (BSMA), the Indian arm of the beleagured bank, has liquidated Rs 667.47 crore worth of shares, as Indian markets plummetted by 951 points on Monday on the heels of the global meltdown.Even on Friday, BSMA had sold off Rs 265.61 crore worth shares through negotiated deals on the Indian bourses. Majority of the holdings have been liquidated either by transferring of its holdings through P-note accounts or through negotiated deals.JP Morgan said it would acquire Bear Stearns for $236.2 million, a paltry $2 a share in a deal that represents a shocking collaps

Unless you’ve been living under a rock, you are probably aware of the JP Morgan/Fed orchestrated bailout. The amazing thing about this entire situation is how quickly Bear Stearns went under. In the matter of one year, the once fifth largest investment bank was bought out for a pittance of its once mighty [...]

Wall Street ended a temperamental session widely mixed Monday after investors grappled with JPMorgan Chase & Co.’s government-backed buyout of the stricken investment bank Bear Stearns Cos.The Dow Jones industrials recovered from an initial drop of nearly 200 points to finish up about 21 points. The broader Standard & Poor’s 500 and Nasdaq composite indexes [...]

This is so classic. On March 11, 2008, this financial commentary by “financial guru” Jim Cramer was featured on his popular Mad Money television show on CNBC. The customary Cramer angry rant was made in response to a call and write-in question about the serious viability and liquidity concerns regarding Bear Stearns, one of the [...]

Not long after it became widely known that Bear Stearns shares sold to JPMorgan for the portfolio crumbling price of $2 we got an email from a reader asking if we knew what else out there cost $2. Here’s what we found: One-way metro pass on the New York subway system. Two Jr. Bacon Cheeseburgers off of [...]

Bear Stearns came last summer as a first on surface with problems related to risky loans. In fact issues with Bear's hedge funds have started credit market turmoil. And these days this company is just history, traded for fraction of its price one year ago.Today company has earnings call. Also other big brokerages are releasing results this week like Goldman Sachs, Lehman Brothers and Morgan Stanley. What is interesting that up to now Bear Stearns hasn't declared such a huge writedowns as e.g. Merryll Lynch did.(see total writedowns due to subprime...)After this I am bit afraid from numbers coming this week. Of course someone can say BSC doesn't have such a diversification like others but still who would expect one week ago this collapse for one of the biggest financial company.Related tick

Billionaire Joe Lewis invested in Bear Stearns (NYSE BSC), buying as much as 10% of the brokerage firm. Now, he may be out over $1 billion. On Sunday, the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

By MADLEN READ, AP Business Writer NEW YORK - Wall Street fell in temperamental trading Monday as investors grappled with news of JPMorgan Chase & Co. buying the stricken Bear Stearns & Co. in a deal backed by the government. The Dow Jones industrials, down nearly 200 points in the early going, fluctuated into positive territory [...]

Adam Hewison, INO.com President, sums up the sentiment I’m sharing in this news release which explains why “trying to catch a falling knife” can cut your account to shreds. If you were a Market Club member, you likely caught the signal on this stock 12 days ago. I liked Adam’s quote, “Markets often [...]

It's all about Bear Stearns in the financial news. Abnormal Returns has a post with links about the investment banking and securities trading/brokerage company. Other links:- J.P. Morgan Buys Bear in Fire Sale, As Fed Widens Credit to Avert Crisis- Bear Stearns Forgets To Update Its Web Site- JPMorgan Acts to Buy Ailing Bear Stearns at Huge Discount- Billionaire Lewis Loses $1.16B On Bear Stakes

Recession worries are in the air as news hits that Bear Stearns, one of the largest investment banks has been bought out my JP Morgan for 2 dollars a share. This will reverberate through the Startup Community no matter where you are, because that means money just got tight, even more tight than the 30% [...]

Perhaps it's obvious, but I think it should be pointed out anyway. If you work for a company that is publicly traded, don't invest too much in its stock. If the company goes bust, not only do you lose your job, but your investments as well. A lot of Bear Stearns employees, supposedly smart people, just lost their 401ks.One investment bank down, maybe a couple more to go.I had a couple of limit orders from a while back that I canceled. I'm trying not to buy anything until people stop talking about a bottom being in sight. There's still too much hope, I think.I'm also not selling anything. Let the dividends reinvest. I've got plenty of time to wait for them to go back up.Stocks I'd like to own (more of) in the future: NS or NSH, KFT, GE, PFE, PG, RAI, MO.Stocks look cheaper now, but I'm wond

Well I am short Goldman so I know this up’s my chances but I am not overly happy to see Bear Stearns fall other then that. It is tough to see an almost 100 year old financial institution failing like this because it is not a good sign for our financial markets. If you missed the ticker, JPMorgan [...]

So, what should you do? Perhaps start speaking with boutiques and middle-market firms where you know people. Don't even try for other bulge brackets unless you have a killer connection that can get you in at this late stage.

JPMorgan Chase & Co bought stricken rival Bear Stearns for a rock-bottom price while the US Federal Reserve set an emergency interest rate cut and opened direct lending to Wall Street. The shock news, the biggest sign yet of how devastating the credit crisis is for Wall Street, slammed the US dollar to a new record [...]

In an amazing turn of events, Bear Stearns was sold for an amazing fire sale price of $2 per share to fellow Wall St. bank JP Morgan Chase. This represents an unprecedented collapse in equity value in a major Wall St. firm. Be cautious as the waves in the financial markets are getting [...]

   Another big move over weekend this again may be to save the global market and asian market , After Bear stearns had run out of liquidity J.P.Morgan and Fed came to its rescue and provided liquidity now , J.P.Morgan has decided to go ahead and buy Bear Stearns for 2 dollar a share in a stock [...]

In a major development going on in the USA,the fifth largest  Investment bank Bear Sterns is on sell for a mere $2 per share, or $232.6 million. and the company is being bought by another major investment bank called JPMorgan. This stunning last minute decision is being taken by the board of Bear Stearns [...]

So JP Morgan Chase is buying Bear Stearns, for what everybody’s reporting to be somewhere in the $230-$250 million range. That’s significantly less than Bear Stearns’ newish headquarters building at 383 Madison Ave.–a few blocks from JP Morgan Chase’s HQ–would fetch. Estimates Bloomberg: The 1.2 million-square-foot, 45-story structure built in 2001 is worth about $1.2 billion, based [...]

AT A GLANCE: JPMorgan Chase To Buy Bear Stearns -2- Last Update: 3/16/2008 11:03:46 PM THE NEWS: Investor confidence in the global financial system took yet another beating after JPMorgan Chase & Co. (JPM) agreed to buy Bear Stearns Cos. (BSC) at a massive discount and the Federal Reserve stepped in with an emergency discount rate cut. The Fed seems [...]

Looks like Monday is going to be without a doubt, an interesting day in the global markets, due to an extremely troubling course of events on Sunday that will trip up investor confidence. The first of this chain of events happened on Sunday evening when the Federal Reserve decided to cut its lending rate by .25% [...]

J.P. Morgan Buys Bear Stearns by WSJ - snip:J.P. Morgan Chase agreed to buy Bear Stearns for $2 a share in a stock-swap transaction, people familiar with the matter say. J.P. Morgan will exchange 0.05473 shares of its common stock per one share of Bear Stearns stock. Both boards have approved the transaction...------Reuters - Fed moves with emergency 1/4 rate cut, lending facilityFinancial Times - Wall Street waits for the next domino to fall New York City Housing Bubble - The BIG Picture

Bear Stearns’ 1Q Announcement For Monday Will Not Occur Last Update: 3/16/2008 9:14:46 PM DOW JONES NEWSWIRES Bear Stearns Cos. (BSC) late Sunday said it won’t announce its first-quarter earnings on Monday following its agreement earlier to be acquired by JPMorgan Chase & Co. (JPM). Bear Stearns was scheduled to originally report Thursday before it pushed the date up to Monday after [...]

In a stunning bit of news, JPMorgan Chase said today that it will acquire flagging investment bank Bear Stearns for just $2 per share, a sharp contrast to its $30 closing price on Friday and its 52-week high of $159.36. The stock-for-stock transaction will exchange 0.05473 shares of Chase common stock per one share of Bear [...]

Most on Wall St. thought it would come to this, but few thought the price would be so low. JP Morgan (NYSE: JPM) will take over Bear Stearns (NYSE: BSC) for $2... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

 The Bear Stearns Companies, Inc. is the parent company of the 5th largest U.S. investment bank and securities trading and brokerage firm, Bear, Stearns & Co., Inc. Last Sunday Bear Stearns had a choice to either sell at any price or declare bankruptcy. The company chose to sell at any price. The U.S. government stepped in [...]

That is correct…$2 a share. Wow! There is not much more to say…what a stunning collapse for Bear Stearns. The deal is valued at $236.2 million and the Federal Reserve and the U.S. government swiftly approved the all-stock deal showing the urgency of completing the deal before world markets open tomorrow. Socialize

Wow! I am glad that I never even came close to this Bear Sterns (BSC). JPMorgan has officially bought Bear Stearns for $2 a share. What makes matters even worse is that the stock is currently sitting at $30!!! On top of that the stock was hit $27 down on Friday. All this should be a [...]

Forget $15 or $20. They’re only willing to pay $2 per share! Bear Stearns is now a penny stock. From this AP story All I can say is wow, if the situation is really this bad, Lehman is done for, along with many other peddlers, too. This could get uglyyyyyyyyy UPDATE: The Fed just cut 25 basis [...]

According to The Wall Street Journal, JP Morgan (NYSE: JPM) is close to buying Bear Stearns (NYSE: BSC), just days after providing financial aid, which was... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

On Friday US market was down even after getting a good economic data because of the news that New York Fed and J P Morgan chase will provide emergency funding to bear Stearns to stave off liquidity problems arising from the credit crisis. They almost down by 50 percent and also it [...]

Joe Lewis, a British billionaire, has lost $800 million from investing in Bear Stearns (NYSE: BSC). Lewis has almost 10% of the brokerage company's shares.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

There's all kinds of rumours flying around Wall Street about who exactly is going end up with Bear Stearns, from an SWF fund to JPMorgan Chase, and even Warren Buffett . And its a question whose answer could determine the course and direction of the U.S. economy and worldwide markets. First of all, Bear has until Monday to clinch a deal, failing which they might need to file bankruptcy. Little

Normally I shy away from writing about all the “established” stocks out there, companies like Bear Stearns (NYSE: BSC), especially when they’re covered by the WWF of financial media—CNBC (c’mon guys have me back on, I’ve been working on my eyebrow trick!!!) but this Saturday article speculating BSC will get taken over at $15 or [...]

In a previously announced deal China's CITIC said it planned to invest $1 billion in Bear Stearns (NYSE: BSC). It has had a day to think that over after Bear... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Hey Bear Stearns, I know a business that is having trouble, shoot me the number to get some of that federal money so they can stay a float. Thanks buddy…. psss. “mark to market”. The Bear Stearns stock is in a free fall right now losing over $27 dollars yesterday. At this point I hope the short [...]