|
Merrill Lynch (NYSE: MER) plucks a Bear Stearns survivor from the sea.
2008-06-03 13:07:00 The ship of Bear Stearns sank like the Titanic. Some of the employees managed to get out of this wrecked ship; some of them are still looking for a life raft. Meanwhile, yesterday, a former Executive of Bear Stearns, Fares D. Noujaim found his at Merrill Lynch (NYSE: MER). Mr Noujaim will be working as the global head of Sovereign Wealth Funds. Mr. Noujaim will be based in the Middle East and New York, and he will report to Gregory J. read more in hotstocked.com
Bear Stearns is feeling comfortable in JPMorgan's nest
2008-06-02 12:59:00 JPMorgan is getting closer to the finish line of closing the deal of the Bear Stearns buyout. On Friday the Bear stockholders said 'YES' to the deal. Despite this, JPMorgan still has many hurdles to sort out. According the media, it is going to cost about $2.3 billion. $1.4bn will be spent only to the firm and $900 million will be spent on buying Bear Stearns stock. The meeting took only 10 minutes and was orchestrated by Bear Stearns' chairman James Cayne and CEO Alan Schwartz " read more in hotstocked.com
Bear Stearns Employees Getting Paid To Chill
2008-05-14 03:48:00 The Bear Stearns gang are just hangin’ out at 383 and collecting those pay checks because, until the JP Morgan takeover is finalized, they can’t be fired. It was easy to fall into the trap of pitying all those unknowing Bear Stearns employees when their employer went belly-up in March. They had given years of ...
Explaining the massive derivatives market and why the Bear Stearns bailout
2008-05-04 17:36:00 With the markets looking a little more rosier these days, we can only remind ourselves of the ghost of Bear Stearns' bail out only 48 days ago. It's still being interpreted. On Saturday, Warren Buffett talked about the bailout, the problems with the derivatives market, and the declining risk of a financial meltdown, and mentioned an incredible statistic that I thought was a typo: If Bear had failed, one or two other investment banks would probably have collapsed within a few days, he said, adding that Bear had roughly $14.5 trillion of derivative contracts outstanding the day after it was bailed out. "The parties that had those contracts would have had to establish the damages that they could claim against that estate very quickly," he said. "Imagine the damage of everyone trying to unwind those contracts," Buffett said. "That would have been a spectacle of unprecedented proportions. It would have resulted in another one or two investment banks going down in a few days." ...
How Is Alan Greenspan To Blame?
2008-04-26 19:10:00 Critics are blaming Alan Greenspan for today’s financial crisis, but now the former Federal Reserve chief is fighting back. Greenspan sets the record straight in an exclusive interview. Part 1 Part 2 What are others saying about Alan Greenspan Alan Greenspan unfair blame for sub prime crisis… Why do people blame Alan Greenspan for the sub-prime crisis? He lead ...
SEC's Involvement with Bear Stearns
2008-04-24 18:12:00 http://burnickblog.sovereignsoc-iety.com/2008/04/is-wall-street-s.html Here's another perspective on the Bear Stearns issue with the SEC. The primary focus on this is how the SEC had acknowledged Bear Stearns shady pricing methods for their CDOs but did nothing to stop them until the bail out. On a personal note, I have large issue with the concept of a tax payer bail out. Whether the government admits it or not, when the Federal Reserve backs these deals it is you and me that foot the bill if things go sour. We as taxpayers should not have to pay for their indiscretions that made them a fortune over the boom of subprime lending but has now led to their demise.
Bear Stearns Executive Ralph Cioffi Investigation
2008-04-24 18:02:00 http://www.businessweek.com/mag-azine/content/08_18/b4082026894-702.htm?chan=top+news_top+news+-index_businessweek+exclusives I found this article interesting in that it points out how difficult it will be to get these executives for fraud without an email basically saying that they willfully provided valuations despite having knowledge that they were incorrect. What the article does not address is whether the action would fall under Sarbanes Oxley which would provide prosecutors with another means of pursuing these executives in court.
Bear Stearns: 100% fraud
2008-04-23 23:25:00 Full story here. I knew the real-deal reason would show up sooner or later. “This article is about how Bear Stearns stock was artificially collapsed so that illegal insider traders would make billions and J.P. Morgan would be paid $55 billion of US tax payer money to shore up themselves and buy Bear Stearns at bankruptcy ...
"The fate of Bear Stearns was the result of a lack of confidence, not a lac
2008-04-16 09:41:00 From: The day the financial world almost ended "Given the exceptional pressures on the global economy and financial system, the damage caused by a default of Bear Stearns could have been severe and extremely difficult to contain," said Bernanke. Those words should send chills down every spine in America. I might understand such damage occurring if one of our major commercial banks failed. But an investment bank? "The fate of Bear Stearns was the result of a lack of confidence, not a lack of capital," continued Christopher Cox, chairman of the SEC, making it abundantly clear the real problem was the lack of confidence in Bear Stearns. Alan Schwartz, Bear Stearns CEO, echoed the Cox comments by adding that what brought Bear Stearns to its knees was not a lack of capital or liquidity, but a lack of confidence. Schwartz added "unfounded" rumors caused that loss of confidence. Jamie Dimon, CEO of JP Morgan, asserted, "A Bear Stearns bankruptcy could well have touched of...
By: Circle of 13
Bearn Stearns Profits $115 Million Before JP Morgan Takeover
2008-04-15 16:43:00 Bear Stearns reaped a profit of $115 million or 86˘ a share before the JP Morgan takeover. Bear Stearns, Lenders With Problems 2007, mortgage news, Mortgage Video
Maher: "The Catholic Church is the Bear Stearns of Organized Pedophilia"
2008-04-14 12:00:00 digg_url = 'http://phrequency.squarespace.-com/network/2008/4/14/maher-the--catholic-church-is-the-bear-st-earns-of-organized-p.html'; digg_bgcolor = '#FFFFFF'; digg_skin = 'compact'; digg_window = 'new'; On the April 11th episode of Real Time, Bill Maher gave politicians a week off while targeting the Catholic Church. Appropriate, of course, with the Pope about to visit the U.S. Of course, he didn't leave Warren Jeffs totally unscathed. And of course, it's true that the U.S. is basically bailing out Bear Stearns and Wall Street while Main Street has to go it alone. Here's what he had to say in the final mini-segment of New Rules this week: Whenever you combine a secretive compound, religion and weirdos in pioneer outfits, there’s going to be some child-f*cking going on. In fact, whenever a cult leader sets himself up as "God’s infallible wing man" here on earth, lock away the kids. Which is why I’d like to tip off law...
By: PhreQuency Ent.
Federal Reserve Emergency Lending
2008-04-14 02:59:00 The Federal Reserve Was Ready to Make Lending Available to Other Brokers on Same Day They Helped Out Bear Stearns; Borrowers at Discount Window Included Goldman Sachs, Morgan Stanley and Lehman Brothers. Bear Stearns, Federal Reserve, Goldman Sachs, Lenders With Problems 2007, Mortgage Defaults, Mortgage Delinquencies, Mortgage Implosion, mortgage news, Mortgage Video
3/18 FOMC Meeting Minutes Released
2008-04-09 16:39:00 For release at 2:00 p.m. EDT The Federal Reserve Board and the Federal Open Market Committee - FOMC on Tuesday released the attached minutes of the Committee meeting held on March 18, 2008, and of the conference call held on March 10, 2008. The minutes for each regularly scheduled meeting of the Committee ordinarily are ...
Jim Cramer Earned 30% More This Year While Bear Stearns Investors Are Worth
2008-04-09 09:06:00 Thanks to a silly SEC requirement, TheStreet.com made Jim Cramer’s salary a matter of public record. The stock picker of questionable talent saw his pay jump 30 percent, earning a base of $1.3 million this year (up from $1m) and, by 2010, some $1.87 million. Since we’re crunching numbers, consider what would’ve happened...
Bear Stearns CEO On The Hot Seat
2008-04-06 02:40:00 Bear Stearns CEO Alan Schwartz was in the hot seat on Capitol Hill as lawmakers review rescue plan. In the days leading up to the fire sale of investment bank firm Bear Stearns, the company was the topic of rumors, speculation and fear that led the venerable Wall Street firm to the brink of ruin. ...
Sean Hannity on Bear Stearns
2008-04-05 16:04:00 The chief executive of Bear Stearns accused traders yesterday of bringing down his securities firm by spreading unfounded rumours designed to induce 1 Vote(s)
By: JeQQ it
Morning Call - April 3rd (Fed, Bear Stearns deal under a microscope)
2008-04-03 16:12:00 I’m sure most of you saw yesterday’s big headline - Bernanke finally acknowledged we might be entering a recession. I wonder what the tip-off was….maybe the fact that everybody already thinks and says so? I like the guy, but he’s been chasing it for several months. Today he’s giving testimony (though not by himself) to the ...
CNBC Chick: Parr For The Course
2008-04-02 17:50:00 "Is Michelle Caruso-Cabrera trying to become the new "Money Honey" on CNBC? Rumor has it, she's torn a page out of fellow so-called anchor babe Maria Bartiromo's play book, covering the $30 billion Bear Stearns bailout while allegedly dating the man who orchestrated it, Gary Parr. He's the deputy chairman of Lazard Frčres & Co., a 50-year-old divorced dad of two who devised the plan to funnel $30 million of Fed-backed money into the tanking bank." Radar Exclusive!Bare churns...
By: Chickaboomer
Bear Stearns and the New Federal Reserve
2008-04-02 07:00:00 On March 14th, Bear Stearns, the fifth-largest investment bank in the United States, entered a period of insolvency. As growing lack of confidence in the firm’s subprime exposure grew, other banks eventually refused to lend to the stricken company, which has existed for over 85 years. Were Bear Stearns a commercial bank, (i.e. institutions that ...
By: Resources zone
Bear Stearns and the New Federal Reserve
2008-04-02 00:00:00 On March 14th, Bear Stearns, the fifth-largest investment bank in the United States, entered a period of insolvency. As growing lack of confidence in the firm’s subprime exposure grew, other banks eventually refused to lend to the stricken company, which has existed for over 85 years. Were Bear Stearns a commercial bank, (i.e. institutions that ...
Weekly Reader Q&A: Hedging Your Bear Stearns Summer Offer, Who Really Reads
2008-03-28 21:51:00 As you said, it would definitely be a mistake to get an MBA without work experience first; it won't help you get into finance at all if you go to a lower-tier school. The Master's program you mention will not give you a significant advantage; although it is at a good school, it's not equivalent to an MBA.
Bear Stearns Earns An F In Reputation Management
2008-03-28 08:26:00 There has never been a better lesson in reputation management than that highlighted by the recent demise of Bear Stearns. Could they have been saved? We will never know. The one thing that is becoming clear is the lack of effective reputation management strategies to overcome any negative publicity. Many business houses seem to feel that ...
Bear Stearns and the Free Market
2008-03-28 06:00:00 The recent government-sponsored bailout of Bear Stearns, one of the top five lenders in the United States, has shocked traders and left investors cold. Despite the chilly reaction on Wall Street, secretly many are breathing a sigh of relief. While Bear Stearns was mismanaged from its upper echelons, its subprime exposure grew until their recent ...
By: Resources zone
Bear Stearns, Banks Questioned Over $30 Billion 'Loan'
2008-03-27 20:51:00 Senate committee leaders are committing themselves to investigating the takeover of Bear Stearns investment firm - and heavy hitters in the banking and Wall Street worlds are probably losing sleep tonight, as the spotlight on the Bear Stearns transaction gets hotter. The New York Times reported today that former presidential candidate and Connecticut Senator Christopher J. Dodd asked Treasury Secretary Henry M. Paulson, Jr., Ben Bernanke (Federal Reserve Chairman), top executives at Bear Stearns, and honchos at JPMorgan Chase Bank to appear before his panel on April 3rd with some answers.
Bear Stearns? Bailout by the Fed and J.P. Morgan a Century Old Conspiracy
2008-03-27 09:11:00 “The bold effort the present bank had made to control the Government, the distress it had wantonly produced … arc but premonitions of the fate that awaits the American people should they be deluded into a perpetuation of this institution, or the establishment of another like it.” - Andrew Jackson, referring to the Second Bank ...
What We Can Learn From the Bear Stearns Down Fall
2008-03-27 02:29:00 If you keep up with current events and/or financial news, then you probably heard about the demise of Bear Stearns, a once large investment brokerage firm. Many were shocked when the news came out that JP Morgan would be buying Bear Stearns at $2 a share, when months ago the stock was trading at ...SHARETHIS.addEntry({ title: "What We Can Learn From the Bear Stearns Down Fall", url: "http://www.moneycrashers.com/w-hat-we-can-learn-from-the-bear--stearns-down-fall/" });
By: Money Crashers
Bear Stearns and the New Federal Reserve
2008-03-27 01:45:00 On March 14th, Bear Stearns, the fifth-largest investment bank in the United States, entered a period of insolvency. As growing lack of confidence in the firm's subprime exposure grew, other banks eventually refused to lend to the stricken company, which has existed for over 85 years. Were Bear Stearns a commercial bank, (i.e. institutions that loan money to people or businesses) it would be able to, as a last resort, take advantage of the Federal Reserve's so-called "discount window," thus receiving a government loan at the lowest available interest rate. The reasoning behind making loans to private businesses is sound, because overall confidence in banks is much stronger. But for equally obvious reasons, the discount window cannot by definition extend to institutions that take on risk as their business because they have less or no accountability to taxpayers. However, after Bear Stearns seemed on the brink of collapse, everything changed. Bear Stearns shares began to falter as ...
Live video of Bear Stearns bailout protests
2008-03-26 19:55:00 Live video from CNBC of the protests going on at Bear Stearn's headquarters over their bailout by the Federal Reservce and US Government. read more digg story [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Protesters enter Bear Stearns headquarters
2008-03-26 19:53:00 NEW YORK (Reuters) - About 60 protesters opposed to the U.S. Federal Reserve's help in bailing out Bear Stearns entered the lobby of the investment bank's Manhattan headquarters on Wednesday, demanding assistance for struggling homeowners. Demonstra... read more | digg story [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Why Investment Bankers Make So Much Money (Minus Bear Stearns)
2008-03-26 11:04:00 Thus, investment bankers make a lot of money because they sell things for huge amounts of money while taking a generous commission and having hardly any expenses.
JPMorgan?s Revised Bid for Bear Stearns - They Stole It
2008-03-25 21:05:00 JP Morgan CEO Jamie Dimon is quadrupling the price of Bear Stearns from the price he agreed o pay just nine days ago and yet he is still managing to get kudos for the deal. I think he made a steal. I think what will happen as five or 10 years and now when ...
One day we'll know the truth about the Bear Stearns blowup and shotgun marr
2008-03-25 10:05:00 You'll be amazed when it comes out at the 2009 Senate REIC Investigations what went on behind the scenes.Paulson and Bush will be gone by then, but what the investigators will find will be that the world financial system came within hours of falling apart, and that the multi-trillion dollar derivatives market almost exploded. But then again, by the time the investigation starts in 2009, and trillions have been lost, banks have failed, and the taxpayers have paid the bill, maybe Bear's collapse will be just a footnote.?The rescue was absolutely all about counterparty risk. If Bear went under, everyone?s solvency was going to be thrown into question. There could have been a systematic run on counterparties in general,? said Meredith Whitney, a bank analyst at Oppenheimer. ?It was 100 percent related to credit default swaps.??It showed that anything important is going to be bailed out one way or the other,? says Kevin Phillips, a former Republican strategist.
By: Housing PANIC
JPMorgan Increases Bear Stearns Buyout Deal to $10 Per Share
2008-03-25 02:32:00 JPMorgan has increased its buyout offer to $10 a share in order to deal win shareholder approval. Shares of Bear Stearns rose over 88 percent following the announcement.
Another Emergency Sunday Fed Meeting, New Hope for Bear Stearns and the U.S
2008-03-24 22:08:00 by Addison Wiggin & Ian Mathias Fed, J.P. Morgan and Bear Stearns conduct another secret Sunday meeting? the fruits of their labor below Which major lender is taking an all-or-nothing stand today? and what shareholders can expect Rumors abound of global central bank bailout? the one nation we wish would get on board Latest housing data provide pleasant ...
Bear Stearns price increased
2008-03-24 15:19:00 NEW YORK JPMorgan Chase & Co. today moved to assuage shareholders of Bear Stearns & Co. by increasing its offer to acquire the ailing investment bank to $10 per share from the bargain-basement price of $2 per share.
By: Get rich
JPMorgan (JPM) To Buy Bear Stearns (BSC) For $10 Per Share!
2008-03-24 06:05:00 JPMorgan (JPM) in talks to quintuple the buyout price of Bear Stearns (BSC) from $2 to $10/share. Read the Marketwatch article HERE. Basically to shut up angry shareholders–including one very angry billionaire. I’m sure there’ll be updates… Remember how I said how everyone had an opinion on BSC the other day–shorts said “$2 is guaranteed by theFed”, longs said “no way this deal gets priced so low” and thanks to all the opinions BSC was priced somewhere in the middle @$6…now at $10, turns out the longs, the less popular opinion, were right, you should know what I’m gonna say next: TIM Lesson: There’s NO way to gets the odds in your favor so never never never play mainstream Wall Street guessing games UPDATE: I know I posted JP Stearns new logo HERE before, but now I’m getting word it’s being redone to the pic below: … [visit site to read more] ShareThis
By: TimothySykes.com
Re:BEAR STEARNS INDIA PORTFOLIO
2008-03-24 02:40:00 GOOD LOGIC AND YOU ARE ABSOLUTELY RIGHT. THERE WERE SO MANY GOOD SCRIPS AT 450 OR LESS , I WONDER WHY PEOPLE WENT FOR THAT STUPIDLY PRICED SCRIP RELIANCE POWER. EVEN NOW IT IS QUOTING AT 340 OR SOMETHING. I THINK IT IS A BEST SELL EVEN NOW SINCE YOU MIGHT GET IT AT ...
Billionaire Joe Lewis, Bear Stearns & The Sandy Lane Barbados Connectio
2008-03-23 13:36:00 It was hard to blame them, after what one called a ’seismic’ week. In just five days, they had witnessed a government-brokered buyout of Bear Stearns, America’s fifth-largest investment bank; a three-quarters of a percentage point cut in interest rates from the Federal Reserve; and a rash of warning signs that the American economy had ...
[indianstockmarket] BEAR STEARNS INDIA PORTFOLIO
2008-03-22 06:40:00 Hi, Is there some way to know the holdings of FII,DII AND HNI and what they sell or buy daily. Regards R.K.
Jim Cramer Controversy Over Bear Stearns...
2008-03-22 05:01:00 If you are a fan of late night television you will have no doubt seen the countless video replays of Jim Cramer (of Mad Money fame) pounding the table that "Bear Stearns is fine" just days before Bear Stearns collapsed. I don't know the actual figures, but I'm sure there are just as many people who watch Cramer for stock picking advice as there are those who watch him for pure entertainment purposes.Before I get to the controversy, I will point you to a post by Michael James On Money that discusses analyzing Jim Cramer's picks as an investment strategy.But now on to the controversy. You have probably heard that the U.S. investment bank Bear Stearns was acquired for a measly $2/share after recently trading in the $160/share range only 1 year prior. The collapse of this bank has made the headlines round the world in a very public way. What was also public was Jim Cramer's answer to a question from a viewer about Bear Stearns days before this downfall occurred, which you ...
Bear Stearns Sold to JP Morgan - Bear up folks the credit crunch is taking
2008-03-22 01:54:00 Bear Stearns was one of the world greatest investment banks and was once the biggest underwriter of U.S. mortgage bonds. You may of heard however that its share price has fallen over 90% this year. And now they have eventually crumbled selling out to JP Morgan at a real bargain of just over $2. It was ...
By: Millionaire Blog
The man who engineered the Bear Stearns bailout
2008-03-21 14:17:00 The Bear Stearns bailout was a major break with precedent — and not just because the Fed came to the rescue of an investment bank as opposed to a retail bank. Now, it turns out the man who did the most to bring it about wasn't Ben Bernanke, or Hank Paulson, or even anyone with ...
Goodbye, Bear Stearns.
2008-03-21 08:36:00 I believe this past week will be remembered for a very long time. The question that remains on most peoples' minds is, "how could a relatively small number of defaults on mortgages cause such a financial crisis?" The answer is simply, risk. With greater risk comes greater returns. However, most people never truly contemplate the potential results of risk when times are good, especially when it comes to home prices. Home prices have historicaly never really come down - they steadily go up. It seemed like a win win deal. Without going into too much detail, home prices did go down, and the percentage of foreclosures and defaults doubled (still, a relatively small number compared to good loans). Bear Stearns happened to be a big time player in the mortgage securities business. They were extremely leveraged, and you know the rest. A true Wall Street icon is now no longer. Goodbye, Bear Stearns.It was reported in the New York Times that "James E. Cayne, Bear Stearns’s former chief exec...
BEAR STEARNS INDIA PORTFOLIO
2008-03-21 02:45:00 BE CAREFULL KINDLY SEE THE ATTACHMENT WHICH GIVES U THE DETAILS OF BEAR STEARNS INDIA PORTFOLIO, IF ANYONE HAVE POSITIONS IN THE SCRIPS BE CAREFULL, BEAR STEARNS HAVE ONLY SOLD 10 PC OF THEIR INDIA PORTFOLIO, IF THEY SELL THE STOCKS IN FULL SWING WHAT WILL HAPPEN ...
What Bear Stearns and the credit crunch means for your property - Times Onl
2008-03-20 09:52:00 Judith Heywood at the TimesOnline recently dissected the Bear Stearns credit crisis and how it will/could affect our UK Home Prices. Why is the outlook suddenly more gloomy? The sudden demise of Bear Stearns has revealed that the credit crunch crisis is deeper and more damaging than was previously thought. The emergency takeover of this US bank ...
By: cheap home loans
Why is Bear Stearns More Important than America?s Homeowners?
2008-03-20 03:42:00 If the Bush administration is willing to bail out Bear Stearns, then why won?t they help homeowners who are the victims of predatory lenders?
Bear Stearns and the Free Market
2008-03-20 01:14:00 The recent government-sponsored bailout of Bear Stearns, one of the top five lenders in the United States, has shocked traders and left investors cold. Despite the chilly reaction on Wall Street, secretly many are breathing a sigh of relief. While Bear Stearns was mismanaged from its upper echelons, its subprime exposure grew until their recent $30 billion-plus losses had to be reported. Once that happened, their course took a turn for the worse. As their ability to shore up capital faltered, JPMorgan Chase stepped in with a buyout worth a bargain $2 a share, valuing a company worth $3.5 billion down to $236 million. Quite a savvy deal, if obviously designed to ensure continued security in the market more than pure profit (after last year's hedge funds collapses, Bear Stearn's lawyers have been busy with sub-prime exposure-related litigation). With the impact of derivative investments and more sophisticated financial instruments, the notational impact of a Bear Stearns collapse c...
Bear Stearns is dead
2008-03-20 00:00:00 In light of entering into an agreement to merge with JPMorgan Chase, The Bear Stearns Companies Inc. (NYSE: BSC) will not be announcing its first quarter 2008 financial results on Monday, March 17, 2008, as previously scheduled. And a cool one from their website: “Bear Stearns Founded in 1923, The Bear Stearns Companies Inc. (NYSE: BSC) is a ...
By: Blog economie
Bear Stearns bought by JPMorgan Chase
2008-03-20 00:00:00 Bear Stearns was bought by its competitor JPMorgan Chase for a bargain-basement price of $2 a share, or $236.2 million. The stunning last-minute buyout was aimed at averting a Bear Stearns bankruptcy and a spreading crisis of confidence in the global financial system sparked by the collapse in the subprime mortgage market. Bear Stearns was the ...
By: Blog economie
The Fed And Bear Stearns: Moral Hazard Or Crisis Mitigation?
2008-03-19 22:35:00 Earlier today, Greg Ip from the Wall Street Journal?s Economic Blog picked up on former Federal Reserve Chairman Paul Volcker?s appearance on the ?Charlie Rose Show? last night. Volcker, who I talked about in a post back on January 18 and who is credited with ending the rampant inflation of the 1970s by aggressively ...
By: Boom2Bust.com
|
|
 |
|
 |
