Clipmarks - Bear sterns Clipmarks

by egoldstein 9-17-2008

Now that the U.S. government has bailed out a number of our largest financial institutions, Morgan Stanley is turning to China. The irony is that when our government bails out Bear Sterns, Fannie Mae, AIG, etc., they get the money from China too. So either way, this whole freaking mess on Wall Street is resulting in the U.S. becoming more and more indebted to China.

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POPS Are we experiencing a modernized bank run?

by egoldstein 9-15-2008

I honestly find the whole situation too confusing to have any conviction about one way or the other. But to see Bear Sterns, Fannie Mae, Freddie Mac and Lehman Brothers all basically get wiped out tells suggests that survival is now the number one priority. Greed...it's an essential part of our system, but it sure does hurt when it goes to extremes.

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POPS SEC investigating false rumors on Wall Street

by egoldstein 7-15-2008

This would really be something. Some of the organizations being investigated are enormous. It's really incredible how ugly thing on Wall Street are these days. If it is proven that Bear Sterns was taken down - at least partially - by the spreading of false rumors, it would be a devastating blow to the credibility of our financial markets.

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POPS Survival of the Richest by Robert Kiyosaki

by Piecekeeper 5-15-2008

"Saving the biggest investment banks in America is welfare for the rich. Would the Fed do that for you or me if we screwed up our investment portfolio?"- Robert Kiyosaki

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POPS As Big Banks Fall: The Bear Has Fallen and the Bull is Gone Why the Financial Crisis Is Not Just Ab

by papananook 3-21-2008

Should be required reading in Econ 101... If your name is Hank Paulson or Ben Bernanke, you have been huddling in alarm with the White House's "Plunge Protection" team coming -up with inventive new rationalizations for printing new money and bailing out bankers. With the President directed to sound upbeat, the ex-Banker and former Professor are contradicting all their earlier assurances that the market would correct itself.

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POPS Bear Sterns fire sale!

by egoldstein 3-17-2008

When i saw that Bear Sterns got acquired by JP Morgan for $2, my first thought was that it was a typo. When i realized it wasn't, my next thought was, "man, things must be really ugly out there." I'm hopeful that the incredible fear and negativity in the markets suggest that we're close to a bottom...cause this sure is getting scary.

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POPS Millions of British households face soaring mortgage rates and tumbling house prices after the globa