Bear Stearns ... - Page 3 - PeachParts Mercedes-Benz Forum

soypwrd · #31 03-16-2008, 08:27 PM

We'll see about that.

kknudson · #32 03-16-2008, 08:29 PM

Well consider the CEO of Bear Stearns had just under a Billion dollars in BSC stock as of the first of the year.
With the 2$ buyout, if I do the math right it's maybe 20 million.

Ok still not chump change, but wow thats gotta hurt.

Of course it's gonna cost him twice that just to talk to his lawyers, and 10x before it's over.
He was saying just a couple of weeks ago all was well.

Look out Monday. Know how to sell short or buy Puts.

Hatterasguy · #33 03-16-2008, 08:35 PM

Quote:

Originally Posted by soypwrd

We'll see about that.

They can sell the building and make out.

That article is wrong, NY real estate is strong, and their is a lot of money looking to finance it. That building will get snapped up by a European or Asian company real fast.

kknudson · #34 03-16-2008, 08:44 PM

Hattie, because of the gov guarantte JPM got a good deal.
The S thats gonna fly in lawyer landf is gonna hurt bad.

FYI, I actuall thought Citi got a decent deal when they got the option to buy Countrywide for 16 or 18, now trading in the 4s.

So time will tell wether they got a deal.

I worry about commericial real estate as the next (not necessarily final) shoe to drop. Already issue's with some commerical real estate. And with banks afraid to lend, deals will only get done to A++ buyers, and they will have the upperhand.

Hatterasguy · #35 03-16-2008, 08:48 PM

March 06, 2008 - March 12, 2008
Provided by Commercial Real Estate Direct
Commercial Mortgage Sector Going Strong
The commercial mortgage industry is on the offensive in explaining that many of the issues impacting the residential mortgage market don't apply to it. The Commercial Mortgage Securities Association, which represents the industry, held an unusual press briefing to explain the differences and why an implosion of the market is unlikely. The biggest reasons are that commercial mortgages are backed by income-producing properties, and that unlike during the late 1980s, the industry is not out of balance, in terms of construction activity.

GM Building Sees At Least 3 Offers of $3B Each
Reports say that at least three investment groups have turned in offers of more than $3 billion each for Manhattan's General Motors Building. Macklowe Properties, which owns the 1.9 million sf office building, recently hired CB Richard Ellis to field offers. According to a report in the Wall Street Journal, a group led by Joseph Cayre, who also owns a stake in Chicago's Sears Tower, is among those who have offered more than $3 billion for the property. The newspaper also reported that Larry Silverstein might have turned in an offer as well. The New York Sun, reports that Silverstein likely has teamed with the California State Teachers' Retirement System on a similar bid

kknudson · #36 03-16-2008, 09:13 PM

Again, 2 weeks ago (really last week) Bear Stearns was fine per the CEO and trading in the 60 - 80 $ range. 2 bucks now, heck a lot of people with a hundred shares may loose money just selling it !!!!

And a year ago Countrywide was fine, no problems per the CEO (the Tanned Mozilo) trading in the 30s, and they are now in the 4s and rumor still swirling they will not survive.

Time will tell, they (the gov) got us into one H of a finanicial mess.

But I love to Short, so trading this week could be real fun.

Hatterasguy · #37 03-16-2008, 09:15 PM

Its a mess thats for sure, and I have no idea when its going to improve.

TMAllison · #38 03-16-2008, 09:17 PM

Appears JPM spent $2 a share ($236M) and assumed $30B in debt. They've also assumed $6B in acquisition/litigation costs.

Dow futures are bouncing all over the place.

Hatterasguy · #39 03-16-2008, 09:19 PM

Quote:

Originally Posted by Knightrider966

If the budget became balanced at anytime during the Clinton Years it was Because of the financial policies of Ronald Reagan that produced what he said they would if we could wait and not fall into the instanf gratification game! Yes, Bush II is a lousy manager, but let's not forget that the pilot of the jet that brought down the world trade centersouth tower got his license to fly by getting a loan from Bank of America and taking his training right here at Williams Gateway Airport right here in Arizona during the Clinton years!

How many secrets did China get from us and at what price during those same Clinton years? Is it possible that Clinton might have had a shot of heading this off at the pass if he kept his pants on? HMMM.

I don't really care for either, but in Bush's defence the economy was already going down the tubes when he got into office. People forget but the tech stocks started to crumble in the last months of Clintons term. The tech crash was already well underway when Bush was sworn in.

kknudson · #40 03-16-2008, 09:34 PM

TMAllison,
I believe JPM assumed 30b in GOV Guarantted Debt.
ie take 10 bucks out of your pocket and mail it to JPM.

mgburg · #41 03-16-2008, 09:48 PM

Quote:

Originally Posted by RichC

...and while your sniffing your eco'85' that costs as much as a loaf of bread. You might want to thank the "tree hugging" farmer that grew the wheat that made it..

"Tree-hugging" farmer is an Oxymoron unless you're talking about a "tree-farmer" as in Christmas-tree farmer...otherwise, wheat doesn't do so well with all that shade the "tree-hugging" farmer would have around...

Duh!

BTW: The President has as much power over Congress as the Supreme Court has over the President...it's written in the Constitution and the Bill of Rights...Three Branches of Government and some other related readings...

Some folks just BELIEVE that the President is the supreme ruler...they are sadly mistaken in those beliefs. He's just one piece of the 3-piece puzzle...and that's it.

It all comes down to who "blinks" first...

Skid Row Joe · #42 03-17-2008, 02:20 AM

Quote:

Originally Posted by 732002

Yes and No.

I just started reading: Manias, Panics, and Crashes.

The point that was made in this book is that markets generally
work, but occasionally they break down and require government
intervention for the public good of stability.

The downside is that if the government steps in too often the
market is more likely to take bad risks, and need more Gov help.
Positive feedback.

What about the idiot that buys stocks when high, then sells when they're in the cr*pper?
There's a special place in the anals of American history for these guys......it's called;
"Predictably Irrational," the title of another great book.
Just 12 weeks ago, some were touting Google stock......imagine the juvenile folly of buying at those previous astronomical prices?
These morons run rampant out there! LMAO!

RichC · #43 03-17-2008, 03:54 AM

Quote:

Originally Posted by mgburg

"Tree-hugging" farmer is an Oxymoron unless you're talking about a "tree-farmer" as in Christmas-tree farmer...otherwise, wheat doesn't do so well with all that shade the "tree-hugging" farmer would have around...

Duh!

BTW: The President has as much power over Congress as the Supreme Court has over the President...it's written in the Constitution and the Bill of Rights...Three Branches of Government and some other related readings...

Some folks just BELIEVE that the President is the supreme ruler...they are sadly mistaken in those beliefs. He's just one piece of the 3-piece puzzle...and that's it.

It all comes down to who "blinks" first...

Lay off the DUH ! comments if you want to continue this.
And I do not appreciate being told things like I am a child
that does not understand.

What interests me about your views is that everything bad is caused
by liberals and democrats.
And everything good is from conservatives and republicans.

How can you keep from at least partially blaming the current president
for the state of the economy, and companies like Bear Stearns going under.

.

Hatterasguy · #44 03-17-2008, 11:25 AM

Quote:

Originally Posted by Skid Row Joe

What about the idiot that buys stocks when high, then sells when they're in the cr*pper?
There's a special place in the anals of American history for these guys......it's called;
"Predictably Irrational," the title of another great book.
Just 12 weeks ago, some were touting Google stock......imagine the juvenile folly of buying at those previous astronomical prices?
These morons run rampant out there! LMAO!

Thats how most people invest in stocks and in real estate. Thats also why most people don't make much money investing.

I remember catching Warren Buffet on TV the other day, and someone asked him if now was a good time to get into the market with all thats going on. He said that if you have to ask that question you shouldn't be in the market.

catmandoo62 · #45 03-17-2008, 06:36 PM

Quote:

Originally Posted by RichC

.

You are saying that Ronald Reagan balanced the budget.
It just did not happen until Clinton came into office.

You know how ridiculous that sounds.
That means that every president in the US is basically useless while
they are in office.
It is not until after their term that we see what they have accomplished.

Seems a little off to me.

.

no it's not.you go back and look at the last half dozen or so administrations.they all seem to set up their so called "balanced budgets" for 10-12 years.then they serve out their 8 years,new guy comes in and starts changing things "their way" and screws everything up the previous pres had set-up.