Bears Stearn Acquired By JP Morgan for $2/share!!!

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  • DateDoc
    Outside looking in.
    • Feb 2005
    • 14243
    #1

    Bears Stearn Acquired By JP Morgan for $2/share!!!

    Bears Stearn is no more. JP Morgan bailed them out on Friday with the Feds help but has, today, acquired Bears Stearn for $2/share. The Fed has approved. The boards at Bears Stearn and JP Morgan have approved it.

    Bears Stearn 52 week high $159
    Opened Friday @ $57 closed @ $30
    Company sold today for $2/share
    Tags: None
    • Christina Muller
      Confirmed User
      • Mar 2007
      • 923
      #2
      wow,some people have took a big hit with that I bet ! whos next?


      JPMorgan Chase said Sunday it will acquire rival Bear Stearns for a bargain-basement $236.2 million -- or $2 a share -- a stunning collapse for one of the world's largest and most storied investment banks.

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        Comment

        • GITZINGER
          Confirmed User
          • Oct 2006
          • 929
          #3
          HOLY SHIT!!!!

          That is the deal of the century!!
          Your momma was a ho!!!

            Comment

            • Drake
              Hello world!
              • Mar 2003
              • 12508
              #4
              They put themselves in that mess

                Comment

                • TheSenator
                  Too lazy to set a custom title
                  • Feb 2003
                  • 13330
                  #5
                  There is no reason for the Fed to bail them out.

                  Here is a good reason why..
                  http://globaleconomicanalysis.blogsp...r-stearns.html
                  ISeekGirls.com since 2005

                    Comment

                    • DateDoc
                      Outside looking in.
                      • Feb 2005
                      • 14243
                      #6
                      Originally posted by TheSenator
                      There is no reason for the Fed to bail them out.

                      Here is a good reason why..
                      http://globaleconomicanalysis.blogsp...r-stearns.html
                      they do not need bailing out by the Fed anymore. JP Morgan has acquired them.

                        Comment

                        • Shaze
                          Confirmed User
                          • Oct 2003
                          • 2662
                          #7
                          the US economy is in a world of mess.
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                            Comment

                            • DateDoc
                              Outside looking in.
                              • Feb 2005
                              • 14243
                              #8
                              Originally posted by Shaze
                              the US economy is in a world of mess.
                              the World Economy is in a world of mess.

                                Comment

                                • Porno Dan
                                  Court Jester
                                  • May 2003
                                  • 6342
                                  #9
                                  This is insanity JP Morgan bought a company that was valued at over $20 Billion dollars a month ago for less than 2% of that.
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                                    Comment

                                    • TheAgent
                                      Confirmed User
                                      • Feb 2008
                                      • 265
                                      #10
                                      Its a steal but JPMorgan takes on all the problems from Bear Sterns. What happened was Fed cut a deal with JPMorgan told them to buy it so solves that fiasco otherwise shit would have hit the fan this week
                                      I think Big, I think Fast and I think Ahead

                                        Comment

                                        • DateDoc
                                          Outside looking in.
                                          • Feb 2005
                                          • 14243
                                          #11
                                          The Fed is going to lend JP Morgan up to $30 Billion to help cover Bear Stearns debt.

                                          ".....by also agreeing to lend up to $30 billion to J.P. Morgan Chase to finance illiquid assets inherited from its purchase of Bear Stearns Cos., the Fed is taking on new risks." (from this article - http://online.wsj.com/article/SB1205...ecial_coverage)

                                            Comment

                                            • pocketkangaroo
                                              Confirmed User
                                              • Jan 2005
                                              • 8452
                                              #12
                                              Awesome how the taxpayers are paying for their mess.

                                                Comment

                                                • Domain Diva
                                                  Too lazy to set a custom title
                                                  • Oct 2007
                                                  • 10180
                                                  #13
                                                  As I mentioned in another post sold for half the price of adult friend finder

                                                  $236.2 million($2 a share) Penthouse paid $500 million for AFF

                                                  funny world huh !

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                                                    Comment

                                                    • LiveDose
                                                      Show Yer Tits!
                                                      • Feb 2002
                                                      • 25792
                                                      #14
                                                      Fucking crazy.

                                                      Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal

                                                        Comment

                                                        • DateDoc
                                                          Outside looking in.
                                                          • Feb 2005
                                                          • 14243
                                                          #15
                                                          check out the home page for Bear Stearns!

                                                          BEAR STEARNS FIRST QUARTER EARNINGS ANNOUNCEMENT SCHEDULED FOR MARCH 17, 2008 WILL NOT OCCUR
                                                          http://www.bearstearns.com/

                                                            Comment

                                                            • tiger
                                                              Confirmed User
                                                              • Apr 2002
                                                              • 6986
                                                              #16
                                                              Just think how bad shit must have actually been behind the scenes for the Fed to step and put all this in the works.

                                                                Comment

                                                                • directfiesta
                                                                  Too lazy to set a custom title
                                                                  • Oct 2002
                                                                  • 30166
                                                                  #17
                                                                  Welcome to the " boys " club ....
                                                                  I know that Asspimple is stoopid ... As he says, it is a FACT !

                                                                  But I can't figure out how he can breathe or type , at the same time ....

                                                                    Comment

                                                                    • DateDoc
                                                                      Outside looking in.
                                                                      • Feb 2005
                                                                      • 14243
                                                                      #18
                                                                      Originally posted by tiger
                                                                      Just think how bad shit must have actually been behind the scenes for the Fed to step and put all this in the works.
                                                                      It would be nice if the public did actually get to know this but the reality of that happening........

                                                                        Comment

                                                                        • BlueDesignStudios
                                                                          Confirmed User
                                                                          • Feb 2003
                                                                          • 9492
                                                                          #19
                                                                          pretty amazing huh

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                                                                            Comment

                                                                            • Ron Bennett
                                                                              Confirmed User
                                                                              • Oct 2003
                                                                              • 1653
                                                                              #20
                                                                              What most Americans don't realize is that the Fed is a quasi-private entity ... in that context the Fed's actions of bailing out the firm makes perfect sense - simply taking care of business, as usual.

                                                                              Ron
                                                                              Domagon - Website Management and Domain Name Sales

                                                                                Comment

                                                                                • DateDoc
                                                                                  Outside looking in.
                                                                                  • Feb 2005
                                                                                  • 14243
                                                                                  #21
                                                                                  Monday seems to be hanging in there for now.....

                                                                                    Comment

                                                                                    • crockett
                                                                                      in a van by the river
                                                                                      • May 2003
                                                                                      • 76818
                                                                                      #22
                                                                                      Originally posted by pocketkangaroo
                                                                                      Awesome how the taxpayers are paying for their mess.

                                                                                      Did you really think it would happen any other way. That's the new deal in big business.. Lie cheat and scam the consumers..then wait for the fed to bail you out screwing over the tax payers in the process.

                                                                                      Now we have a company taking over that company.. so now it's a giant company that can cause even more damage if they decide to fuck up.

                                                                                      Used to be the govt made companies from new companies so all the eggs weren't in the same basket. You know to keep the economy from taking too big of a hit if something went wrong, or to keep that giant company from becoming a monopoly and owning everything.
                                                                                      Last edited by crockett; 03-17-2008, 07:31 AM.
                                                                                      In November, you can vote for America's next president or its first dictator.

                                                                                        Comment

                                                                                        • crockett
                                                                                          in a van by the river
                                                                                          • May 2003
                                                                                          • 76818
                                                                                          #23
                                                                                          form new*

                                                                                          edit for above..
                                                                                          In November, you can vote for America's next president or its first dictator.

                                                                                            Comment

                                                                                            • Jago Webcams
                                                                                              Confirmed User
                                                                                              • Dec 2005
                                                                                              • 694
                                                                                              #24
                                                                                              unbelievable, last week, they were trading at 70$/share.. a year ago $159/share.. I knew things were really bad, but this is just insane

                                                                                                Comment

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