On Mar 18, 7:15 am, baldeagle <botakea...@[EMAIL PROTECTED]
> wrote:
> On Mar 18, 4:10 am, CharlesLiu <chliu...@[EMAIL PROTECTED]
> wrote:
>
> > On Mar 17, 8:34 am, baldeagle <botakea...@[EMAIL PROTECTED]
> wrote:
>
> > > Bear Stearns bank is one of the two largest global investment banks,
> > > securities trading and brokerage firms in the world. The other is
> > > JPMorgan Chase.
>
> > The fat cats @[EMAIL PROTECTED]
JPM is paying pittance for this deal, and US Tax payer
> > is potentially on the hook for 30 BILLION dollars for this bailout.
>
> > Compare this with the Regan era's junk bond bailout, which us US tax
> > payers are likely still paying.
>
> Being in the same business, JPMorgan Chase know
> exactly what the bank's real worth is, US$2 a share.
>
> If it did not buy over the bank, Bear Stearns woulld
> have collapsed. closed and ceased to exist.....leaving
> all its creditors with NOTHING.
> Other banks and financial companies who gave loans
> to Bear Stearns would have to write off their loans
> and this could lead to more banks becoming insolvent...
> massive bank closures.
> The resulting effects would be like dominos....being
> swept away by the subprime Tsunami.
> With this bailout, the US government hope to stop
> this bloodbath ....at least tem****arily.
>
> One way or another, Americans will have eat the ****..
> the excesses of last 10 years.... of living on borrowed
> money and borrowed time. It is pay back time.
I bet you with this sub prime thing hovering arcoss the globe's
banking communities...............all the 'ang moh bankers' are
knocking at doors belonging to those filthy rich middle eastern
arab.....even LKY oso got to knock at their doors....this is wat Sg is
doing just that.....world money is being channelled to the Arab
world.......from the sales of oil for the past 60 years.......
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