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Investors with poor judgement?
People are still saying this is not going to be as bad
as it looks...in fact, someone on this list said it
this week. people never want to face the truth--it's
always easy to hope and believe you are going to make
money on an investment, even when its underwater.
And remember...95 pct of the stocks rated by
investment firms are rated buys or holds. People don't
want to see the problems and unless they can see the
problems with their own eyes, the media and pundits
aren't going to tell them. It might make them
unhappy...
Tim Morge
www.marketgeometry.comm
--- delta88343@xxxxxxx wrote:
>
>
> CNBC showed an interesting time line slide show of
> financial related
> activity of BS since mid 07.
>
> If I remember correctly, they reported significant
> losses for a couple
> quarters, had assets seized by Merrill if memory
> serves due to non payment of a
> loan I think, defaulted on other loans, top
> executives leaving etc. After
> seeing this slide show, BS was screaming for 9
> months that it was in real serious
> trouble. Im curious as to how its stock maintained
> such a high price while
> all this was going on?
>
> Lee
>
>
> In a message dated 3/21/2008 5:11:35 A.M. Eastern
> Standard Time,
> ketayun@xxxxxxxxxxxxx writes:
>
>
>
>
> Thanks Tim..I was just wondering if there had been
> a way that the staff
> could have got a better deal. Of course I know that
> JPM is hiring many of the top
> execs back to BS..
>
> ----- Original Message -----
> From: _Timothy Morge_
> (mailto:timothymorge@xxxxxxxxxxxxx)
> To: _realtraders@xxxxxxxxxxx@rea_
> (mailto:realtraders@xxxxxxxxxxxxxxx)
> Sent: Thursday, March 20, 2008 11:06 PM
> Subject: Re: [RT] Bear Sterns Question
>
>
> This never got that far. The credit concerns forced
> the Fed to choose a partner for BS and then
> indemnify
> that partner. I was involved in three of these
> deals
> in the 1987 crash, where my bank washed the credit
> until the deals were announced after the market
> closed.
>
> There was no choice.
>
> And no, in bankrupcy court, shareholders stand in
> line
> and they are last in line. The emplyees, unless
> they
> have an unusual clause in their contract [think
> golden
> parachute with protection] are at best one step
> above
> that, but generally are at the same level.
>
> Tim Morge
>
> _www.marketgeometry.www_
> (http://www.marketgeometry.com/)
> --- ketayun <_ketayun@xxxxxxxxxxxxxx
> (mailto:ketayun@xxxxxxxxxxxxx) > wrote:
>
> > If BS had gone into Bankruptcy would the
> employees
> > have been better off as in being first creditor?
> > Clearly the shareholders lost anyway.
> >
>
>
> ------------------------------------
>
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>
>
>
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>
>
>
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>
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