Bear Stearns

NEW -> Contingent Buyer Assistance Program
[quote author="awgee" date=1216354459][quote author="morekaos" date=1216348562][quote author="morekaos" date=1213879571][quote author="lendingmaestro" date=1213847516][quote author="morekaos" date=1213823299]Give it time. Coordination of this type does not happen overnight. Look at Morgan and Goldmans earnings this morning. These companies are desperate for revenue. They will not give it up easily. By the way heard a rumor yesterday that WB was heading for BK. World and Golden West portfolios have pulled them into negative net worth. The stock sure seems to be acting like it.</blockquote>


WB is nowhere near filing for BK. You heard that from me. The lending portion of their business is not doing well to put it nicely, but they have a HUGE retail banking business accross the country, a broker/dealer in Wachovia Securities, and an investment bank. They have over $800 billion in assets inder management and $33 billion in net tangible assets. WB is a monster. The 3rd largest bank in the US behind Citi and JPM chase. They aren't going BK. They may be forced to sell off assets and possibly divisions, but a BK is not in the cards.</blockquote>


LM I do not disagree. It was just a rumor. I think theree is no way the gov would ever let a major go under. No matter what. I have stated a mid level could go like DSL or WM. Howerver, I have had a great time shorting WB, and the others for that matter.</blockquote>






http://www.washingtonpost.com/wp-dyn/content/article/2008/07/15/AR2008071503065.html?referrer=emailarticle&ref=patrick.net



Covered my short on WB. Like Horse shoes, hand grenades and slow dancing...close is good enough!!!</blockquote>


Nice one.</blockquote>




I guess I shoulda kept that short open.
 
[quote author="morekaos" date=1222723866][quote author="awgee" date=1216354459][quote author="morekaos" date=1216348562][quote author="morekaos" date=1213879571][quote author="lendingmaestro" date=1213847516][quote author="morekaos" date=1213823299]Give it time. Coordination of this type does not happen overnight. Look at Morgan and Goldmans earnings this morning. These companies are desperate for revenue. They will not give it up easily. By the way heard a rumor yesterday that WB was heading for BK. World and Golden West portfolios have pulled them into negative net worth. The stock sure seems to be acting like it.</blockquote>


WB is nowhere near filing for BK. You heard that from me. The lending portion of their business is not doing well to put it nicely, but they have a HUGE retail banking business accross the country, a broker/dealer in Wachovia Securities, and an investment bank. They have over $800 billion in assets inder management and $33 billion in net tangible assets. WB is a monster. The 3rd largest bank in the US behind Citi and JPM chase. They aren't going BK. They may be forced to sell off assets and possibly divisions, but a BK is not in the cards.</blockquote>


LM I do not disagree. It was just a rumor. I think theree is no way the gov would ever let a major go under. No matter what. I have stated a mid level could go like DSL or WM. Howerver, I have had a great time shorting WB, and the others for that matter.</blockquote>






http://www.washingtonpost.com/wp-dyn/content/article/2008/07/15/AR2008071503065.html?referrer=emailarticle&ref=patrick.net



Covered my short on WB. Like Horse shoes, hand grenades and slow dancing...close is good enough!!!</blockquote>


Nice one.</blockquote>




I guess I shoulda kept that short open.</blockquote>


No Way! I think it prudent to cover a short as soon as you think a company may get bought out.
 
Talk about lipstick on a pig!!! This was no takeover, this was a controlled sinking. This was an engineered failure. They just don't want to call it what it is.
 
[quote author="morekaos" date=1222733937]Talk about lipstick on a pig!!! This was no takeover, this was a controlled sinking. This was an engineered failure. They just don't want to call it what it is.</blockquote> Yup. Welcome to the wonderful world of government intervention.
 
Any time you cut open a rotting carcase, it's gonna stink.



http://www.bloomberg.com/apps/news?pid=20601109&sid=aebs.K1QUWTo&refer=patrick.net#



``Golden West was the beginning of the end'' for Wachovia, said Anat Bird, a former Wells Fargo & Co. executive who now runs SCB Forums Ltd., a Granite Bay, California, company that conducts peer group conferences for bankers. Golden West ``had lousy assets, lousy liabilities and they paid a fortune for it.''
 
[quote author="morekaos" date=1221096614][quote author="morekaos" date=1213879571][quote author="lendingmaestro" date=1213847516][quote author="morekaos" date=1213823299]Give it time. Coordination of this type does not happen overnight. Look at Morgan and Goldmans earnings this morning. These companies are desperate for revenue. They will not give it up easily. By the way heard a rumor yesterday that WB was heading for BK. World and Golden West portfolios have pulled them into negative net worth. The stock sure seems to be acting like it.</blockquote>


WB is nowhere near filing for BK. You heard that from me. The lending portion of their business is not doing well to put it nicely, but they have a HUGE retail banking business accross the country, a broker/dealer in Wachovia Securities, and an investment bank. They have over $800 billion in assets inder management and $33 billion in net tangible assets. WB is a monster. The 3rd largest bank in the US behind Citi and JPM chase. They aren't going BK. They may be forced to sell off assets and possibly divisions, but a BK is not in the cards.</blockquote>


LM I do not disagree. It was just a rumor. I think theree is no way the gov would ever let a major go under. No matter what. I have stated a mid level could go like DSL or WM. Howerver, I have had a great time shorting WB, and the others for that matter.</blockquote>


LM you could be right about WM



<strong>"Time To Bail Out WaMu?"</strong>



http://seekingalpha.com/article/94874-tim-to-bail-out-wamu



But I may be wrong about Wachovia



<strong>"Is Wachovia the Worst Run Bank in America?"</strong>



http://seekingalpha.com/article/94349-is-wachovia-the-worst-run-bank-in-america</blockquote>


And that ball is outta here!!!! That folks is a Grand Slam BSC WM WB and over the wall goes DSL



http://www.redfin.com/CA/Long-Beach/6095-Loynes-Dr-90803/unit-26/home/7587257



Downey eyes government bailout

October 23rd, 2008, 12:05 pm ? 3 Comments ? posted by Mathew Padilla

As Downey Financial reported a widening third-quarter loss Wednesday, Chief Executive Charles Rinehart said in a statement his company is trying to raise capital and ?we are reviewing the recently announced governmental programs to determine which programs, if any, might be available and appropriate for us.?



Translation: Newport-Beach based Downey is watching to see if the government will give it money by buying its preferred shares, or if the government will buy some of its bad assets. And there are plenty of bad assets. Downey said its dud loans and bank-owned properties climbed to $2 billion in the quarter, or 15.7% of its total assets.
 
[quote author="morekaos" date=1213652368]Absolutly, They are gonna put the breaks on thes spec buyers, Goldman and Morgan in particular. It seems odd that these are the two firms who just happen to be saying oil will go over 170 soon. Can you say conflict of interest? It will not be pretty



http://www.engdahl.oilgeopolitics.net/Financial_Tsunami/Oil_Speculation/oil_speculation.HTM

http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article4124552.ece?print=yes&randnum=1213377884240</blockquote>


I think this is worth a re-visit. Not to toot a horn but add a bit of market perspective. When it is accepted knowledge in the public eye that one thing is certin....do the oposite.



<a href="http://www.ft.com/cms/s/0/f621914a-b6e9-11dd-8e01-0000779fd18c.html?nclick_check=1">http://www.ft.com/cms/s/0/f621914a-b6e9-11dd-8e01-0000779fd18c.html?nclick_check=1</a>
 
You must log in or register to reply here.
Back
Top