Posts Tagged ‘Credit Crises’

Global Credit Crisis – JP Morgan + FED tell Bear Stearns Your Mine

March 17th, 2008 admin

The world financial markets was working in overdrive through the weekend, til the amazing $2 a share deal of Bear Sterns from JP Morgan. You have many factors and loses are play here. First, is the 14,000 employees of Bear Sterns. I know first hand that many of the employees are beyond fearful. Bear Stearns is (WAS) a culture of very cocky and brash individuals. After losing their big stick swagger, looks like the job boards will be flooded with candidates.

On a different note, JP Morgan didnt get this company for free (eventhough it looks that way). The are TONS of assets in Bear Sterns that can not be valued. Furthermore, their are many companies that passed on the deal… and this is with a FED backed loan….. a great story of how a 20+ billion dollar company can perish to 236 million bucks in a sneeze.!

[nms:fortune magazine subscription,8,0]

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Bear Stearns is Given Away – World Markets in Deep Credit Fall

March 17th, 2008 admin

You thought the housing market is bad, the credit crises continues its amazing downward spiral. The fear is this type of swift meltdown is just the beginning. From a multi billion dollar company (24 billion at its 52 week high) to be sold for 236 million virtually overnight, is nothing less than shocking.. and fearful. Poor ol Bear Stearns!

The biggest sign of how devastating the credit crisis is for Wall Street, slammed the U.S. dollar to a new record low against the euro and pummeled Asia stock markets early Monday.  The housing crises is truely nothing in comparison of the downfall of the global credit market. Whats to blame you ask…. how about international greed at the biggest levels! Bear Sterns and its big stick is now limp.

[nms:wall street journal,8,0]

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