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Sami	03-16-2008 07:03 PM

AFF was sold for more than Bear and Sterns!

Wow....

AFF was sold for more than bear and sterns! $268 million dollar for bear!
AFF sold for $500?

Lars and his crew could have bought bear and sterns! :thumbsup

L-Pink

03-16-2008 07:08 PM

JPMorgan's acquisition of Bear Stearns represents roughly 1 percent of what the investment bank was worth just 16 days ago. It marked a 93.3 percent discount to Bear Stearns' market capitalization as of Friday, and roughly a 98.8 percent discount to its book value as of Feb. 29.

munki

03-16-2008 07:10 PM

Woopppsss... lol

VIPimp

03-16-2008 07:15 PM

nah baba

L-Pink

03-16-2008 07:19 PM

Just four days ago Bear Stearns Chief Executive Alan Schwartz assured Wall Street that his company was not in trouble .... management needs investigated by the SEC and should face criminal charges and prison.

Sami	03-16-2008 07:50 PM

Enron 2.0

Here we go.

L-Pink

03-16-2008 07:53 PM

The company sold for less than the annual amount of executive bonuses.

dynastoned

03-16-2008 08:59 PM

Quote:

Originally Posted by L-Pink (Post 13928558)

JPMorgan's acquisition of Bear Stearns represents roughly 1 percent of what the investment bank was worth just 16 days ago.

lol something stinks...

L-Pink

03-16-2008 09:03 PM

Quote:

Originally Posted by dynastoned (Post 13928876)

lol something stinks...

Plus the federal reserve provided special financing ... translated this means JPMorgan was probably paid to make the deal.

Does this mean stockholders lost everything overnight?

appleboy

03-16-2008 09:29 PM

go conru , go conru!!!

Sami	03-16-2008 10:39 PM

Quote:

Originally Posted by L-Pink (Post 13928881)

Plus the federal reserve provided special financing ... translated this means JPMorgan was probably paid to make the deal.

Does this mean stockholders lost everything overnight?

Thats exactully what it means!
Read the forums on yahoo... alot of suicide notes .. my prayers are with them.

This is wallstreet shafting the average joe at its best :)

These guys get away with it and someone with marijuana gets time in prison.

Its a messed up world we live in to say the least :(

After Shock Media

03-16-2008 10:41 PM

Was about to say wasnt there some 30 billion involved by the Government, aka our money.

L-Pink

03-16-2008 10:50 PM

Quote:

Originally Posted by Sami (Post 13929108)

Without breaking rules which forums?

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