Bears Stearn Acquired By JP Morgan for $2/share!!! - GoFuckYourself.com

DateDoc · 03-16-2008, 05:39 PM

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

Christina Muller · 03-16-2008, 05:43 PM

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.

GITZINGER · 03-16-2008, 05:45 PM

HOLY SHIT!!!!

That is the deal of the century!!

Drake · 03-16-2008, 05:47 PM

They put themselves in that mess

TheSenator · 03-16-2008, 05:56 PM

There is no reason for the Fed to bail them out.

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

DateDoc · 03-16-2008, 06:03 PM

Quote:

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.

Shaze · 03-16-2008, 06:11 PM

the US economy is in a world of mess.

DateDoc · 03-16-2008, 06:13 PM

Quote:

Originally Posted by Shaze

the US economy is in a world of mess.

the World Economy is in a world of mess.

Porno Dan · 03-16-2008, 06:15 PM

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.

TheAgent · 03-16-2008, 06:15 PM

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

DateDoc · 03-16-2008, 06:36 PM

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)

pocketkangaroo · 03-16-2008, 06:42 PM

Awesome how the taxpayers are paying for their mess.

Domain Diva · 03-16-2008, 06:44 PM

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 !

LiveDose · 03-16-2008, 06:47 PM

Fucking crazy.

DateDoc · 03-16-2008, 07:49 PM

check out the home page for Bear Stearns!

Quote:

BEAR STEARNS FIRST QUARTER EARNINGS ANNOUNCEMENT SCHEDULED FOR MARCH 17, 2008 WILL NOT OCCUR

http://www.bearstearns.com/

tiger · 03-16-2008, 10:07 PM

Just think how bad shit must have actually been behind the scenes for the Fed to step and put all this in the works.

directfiesta · 03-16-2008, 10:13 PM

Welcome to the " boys " club ....

DateDoc · 03-16-2008, 10:50 PM

Quote:

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........

BlueDesignStudios · 03-17-2008, 02:50 AM

pretty amazing huh

Ron Bennett · 03-17-2008, 04:35 AM

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

DateDoc · 03-17-2008, 08:25 AM

Monday seems to be hanging in there for now.....

crockett · 03-17-2008, 08:28 AM

Quote:

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.

crockett · 03-17-2008, 08:32 AM

form new*

edit for above..

Jago Webcams · 03-17-2008, 01:14 PM

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

03-16-2008, 05:39 PM	#1
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	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 __________________

03-16-2008, 05:43 PM	#2
Christina Muller Confirmed User Join Date: Mar 2007 Location: Canada/Germany Posts: 923	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. __________________ Promote A Brand Your Surfer Trusts Playboy No Upsell - No X Sales - No Bullshit !

03-16-2008, 05:45 PM	#3
GITZINGER Confirmed User Join Date: Oct 2006 Location: up your sisters ass Posts: 929	HOLY SHIT!!!! That is the deal of the century!! __________________ Your momma was a ho!!!

03-16-2008, 05:56 PM	#5
TheSenator Too lazy to set a custom title Industry Role: Join Date: Feb 2003 Location: NJ Posts: 13,336	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

03-16-2008, 06:11 PM	#7
Shaze Confirmed User Join Date: Oct 2003 Location: Cyberspace Posts: 2,662	the US economy is in a world of mess. __________________ Adult Search Engine Japanese Porn Thai Porn

03-16-2008, 05:47 PM	#4
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	They put themselves in that mess

03-16-2008, 06:15 PM	#9
Porno Dan Court Jester Industry Role: Join Date: May 2003 Location: Budapest Posts: 6,342	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. __________________ Reality TV Star, AVN Hall of Fame, Five-Time XBIZ Winner 2021 XBIZ Europe Winner Best Director Site Promote the sites where members get paid to get laid by their favorite porn stars

03-16-2008, 06:15 PM	#10
TheAgent Confirmed User Join Date: Feb 2008 Location: Dirty Jersey Posts: 265	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

03-16-2008, 06:36 PM	#11
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	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) __________________

03-16-2008, 06:42 PM	#12
pocketkangaroo Confirmed User Join Date: Jan 2005 Location: Chicago, IL Posts: 8,452	Awesome how the taxpayers are paying for their mess.

03-16-2008, 06:44 PM	#13
Domain Diva Too lazy to set a custom title Industry Role: Join Date: Oct 2007 Location: UK/USA/Canada ICQ : 494318698 Email:[email protected] Posts: 10,180	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 ! __________________ Cams-Tube-Dating Domains Available At Trade Prices ! Domains For Sale ICQ:494318698

03-16-2008, 06:47 PM	#14
LiveDose Show Yer Tits! Industry Role: Join Date: Feb 2002 Location: Somewhere Out there... Posts: 25,792	Fucking crazy. __________________ Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal

03-16-2008, 10:07 PM	#16
tiger Confirmed User Industry Role: Join Date: Apr 2002 Location: Los Angeles Posts: 6,986	Just think how bad shit must have actually been behind the scenes for the Fed to step and put all this in the works. __________________

03-16-2008, 10:13 PM	#17
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Montreal, Quebec Posts: 29,645	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 ....

03-17-2008, 02:50 AM	#19
BlueDesignStudios Confirmed User Industry Role: Join Date: Feb 2003 Location: Australia Posts: 9,492	pretty amazing huh __________________ Blue Design Studios - Adult Design Specialists! Email me for a free quote: [email protected]

03-17-2008, 04:35 AM	#20
Ron Bennett Confirmed User Join Date: Oct 2003 Posts: 1,653	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

03-17-2008, 08:25 AM	#21
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	Monday seems to be hanging in there for now..... __________________

03-17-2008, 08:32 AM	#23
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	form new* edit for above.. __________________ In November, you can vote for America's next president or its first dictator.

03-17-2008, 01:14 PM	#24
Jago Webcams Confirmed User Join Date: Dec 2005 Location: webcams Posts: 694	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