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  • Bear Stearns: Why It's Safe to Bet Against Joe Lewis
    The option that JPM has to buy 20% of Bear stock at $2 is outrageous. Either Alan Schwartz had a gun on his head or he literally sold out. Extremely stupid of him- utterly disgraceful. He has no clue about negotiations. He should have opted for bankruptcy "if we go down we will take everyone with us". Fed, Treasury and JPM would have negotiated.
    Lawyers should sue Alan for complete sell out.
    Joe Lewis should fight for bankruptcy - what is there to lose. What is the difference between $ 2 and 0 - 98% loss vs. 100% loss.

    This is bailout of JPM and other bond holders - nobody is characterizing it that way. JPM is being handed Bear on a platter, Fed is financing and guaranteeing the deal.
    Mar 20 22:19 pm |Rating: 0 0 |Link to Comment |View article
  • Did the Fed's Move Prevent a Stock Market Panic?
    At this point Fed bailout is the only option - to prevent ripple effects and general confidence. However the situation should not have been allowed to develop into this. This has been coming - mostly due to bad monetary policies and very poor regulation. Actually Greenspan was the cheer leader of all this 'financial innovation' madness and had blessed all the SIVs and other acronyms.

    May Bear rest in peace.
    Mar 15 20:01 pm |Rating: 0 0 |Link to Comment |View article

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