Timmy Elsewhere

The B.

JP Morgan buys Bear Sterns fo $2 a share. What does this mean for N. Crock?

6 thoughts on “Timmy Elsewhere”

  1. It’s with pretty similar government intervention too, without that probably completely worthless. Then again, I’m sure there’ll be lawsuits flying in NY when the dust settles.

  2. So Much For Subtlety

    Brown fucked up Big Time?

    If banks are falling over one by one I expect it is good to be in early. You get the best deal. The more that collapse (or in this case, the longer it takes to find a buyer) the more common they are, the less that anyone wants one, the less you will get for it.

    Brown should have done what the Fed Reserve did and stitched up a deal with a preferred bidder the first weekend and have done with it. The longer that Branson waits now, the more the government will want to be shot of it, the less he will have to pay.

    Idiots.

  3. Now the hedge funds are coming after the banks..

    Just think of the money you’d have made if you shorted BS on Friday: $29 down to $2 in 2 days.

  4. If you had shorted it, you would have almost doubled your money. Now if you had bought put options, which coincidentally a lot of people appeared to do, THEN you would have made money!

  5. “Brown should have done what the Fed Reserve did and stitched up a deal with a preferred bidder the first weekend and have done with it.”

    hmm, so you’re saying that instead of claiming the upside [and there will be an upside], Brown should have handed a UK bank a massive subsidy while still accepting responsibility for all the bank’s bad debt?

    I’m glad he’s in charge and not you…

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