Bear Stearns Companies Inc. (BSC)
Trading Center
Loading...
Symbols:
BSC Forum Topics
- All Comments on BSC
- General Discussion on BSC
- No Uptick Rule: A Convenient Scapegoat? [view article]
- FAS 157: Blackstone and Its Banker Buddies Have It Wrong [view article]
- The End of U.S. Financial Domination [view article]
- Federal Reserve Asks for Wall Street Bank Stress Tests [view article]
- Corporate Fraud + Government Intervention = Bailout Nation [view article]
- Bear Stearns: Follow the Puts [view article]
- May Take Several Years for the Financials to Work Out Their Kinks [view article]
- Mothers Work: Empire Waists and Imploding Hedge Fund Stakes [view article]
- Bear Stearns Conspiracy Watch: Bloomberg Piles It On [view article]
- Options Action on Bear Stearns, Pre-Collapse: Trade of the Century, If Legal [view article]
- Humpty Stearns Can't Go Back on the Wall [view article]
- You Mean Whirling Ben Graham? [view article]
loading ...Recent BSC Articles
- Bear Stearns: Follow the Puts
- Humpty Stearns Can't Go Back on the Wall
- Options Action on Bear Stearns, Pre-Collapse: Trade of the Century, If Legal
- Bear Stearns Conspiracy Watch: Bloomberg Piles It On
- You Mean Whirling Ben Graham?
- Federal Reserve Asks for Wall Street Bank Stress Tests
- CDS Market Is Holding Up
- The End of U.S. Financial Domination
- Corporate Fraud + Government Intervention = Bailout Nation
- Jimmy Cayne's Latest Own-Goal
- Full List of Articles »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »
Humpty Stearns Can't Go Back on the Wall [view article]
Bear Stearns probably had management that graduated from the same schools as AIG, AXP, BAC, C, JPM, and a host of others. One shudders when one considers the magnitude of incompetence in the financial sector. ReplyHumpty Stearns Can't Go Back on the Wall [view article]
Good article. ReplyCorporate Fraud + Government Intervention = Bailout Nation [view article]
I agree that the blame falls on the banks. Jimbles point is air-tight. The banks are the ones who decide what to demand as collateral in exchange for giving a loan. If they overvalue houses and give ridiculously large mortgages, having a devalued house in exchange when the borrower defaults is just desserts. The borrower is an idiot for living beyond his means, but not 'at fault' for anything but his own decimated credit-rating. Honor only applies when there is no collateral. If you gave the bank a handshake in exchange for a mortgage, it would be different. Then nonpayment would be dishonorable. The avaricious banks deserve to have houses worth half of what they paid for them.P.S. I'm Canadian - good luck guys:-) Reply
Lathrop
Bear Stearns Conspiracy Watch: Bloomberg Piles It On [view article]
I was driving in my car listening to CNBC and they were pumping this Bloomberg piece and without even reading it, I knew there was one side of the story completely left out. Thanks again for providing some balance Felix. ReplyCorporate Fraud + Government Intervention = Bailout Nation [view article]
The banks have to bear the entire blame. Their loans were secured by real estate. Therefore, they were the ones making foolish investments in people who couldn't pay. The people who couldn't pay have nothing. The banks have the collateral: the real estate. The fact it is worth less than .40 on the dollar is just proof of how lousy they were at their job.Finances are a non-partisan issue because both parties suck in different ways. While liberals may be tax and spend, conservatives are borrow and spend. It is the spend part that both parties do and neither should be. Look at the history of national debt - it doesn't exist prior to the late 60's, when Nixon, a conservative, ran a deficit. If you had a balanced budget, every citizen would realize what retarded moves the government made because they would pay for it right away and Crawford's village idiot would have been back entertaining passers by in 2004.
China is Nortel circa 1999 and the US is a pile of dotcoms. China owns over a trillion dollars of US debt and their success is tied to Wal-Mart, the conduit from China to landfill. What happens when they realize they won't get their cash and their market dries up.
Devalue the currency and repay China before coming out with the "new" dollar. Reply
Recruiter
Bear Stearns Conspiracy Watch: Bloomberg Piles It On [view article]
Nice to a piece that explores the facts as opposed to the usual " shorts are guilty" trash which has been dominating this issue ReplyRecruiter
Bear Stearns Conspiracy Watch: Bloomberg Piles It On [view article]
Nice to a piece that explores the facts as opposed to the usual " shorts are guilty" trash which has been dominating this issue. ReplyYou Mean Whirling Ben Graham? [view article]
Cynic, "ETN's, great, adding counter-party risk to the inherent vagaries of the market." Of course, we could hedge that risk with other derivatives. Yeah, right. ReplyYou Mean Whirling Ben Graham? [view article]
The big question about these new indices is that what is so "Intelligent Value" about them; since as it is we already have value based ETFs, it is unlikely that these ETNs will gain much volume (unless the issuer is betting on investors to shift from ETFs to ETNs). ReplyThe End of U.S. Financial Domination [view article]
notsosmart:"my grand father threw over 50lbs. of gold into the main river in germany so he would not be killed for it.you cant eat gold & you dont ned a roof over you after your ded."
As they say, the fruit doesn't fall far from the tree. Reply
The End of U.S. Financial Domination [view article]
my grand father threw over 50lbs. of gold into the main river in germany so he would not be killed for it.you cant eat gold & you dont ned a roof over you after your ded. ReplyThe End of U.S. Financial Domination [view article]
Right on Eric!People who denigrate supporters of gold and silver will be asking themselves "why didn't I buy gold?"
My mother, who was European, told me stories about her father accumulating gold a little at a time over many years. When the European economies crashed, his gold kept a roof over their head and food on the table while many went hungry when the European economies crashed.
Keep on spreading the good word. One thing I would advise is that one take possession of one's gold. ETF's and investment pools are fraught with danger in the event of a severe financial collapse. Don't trust anyone with your gold. Reply
The End of U.S. Financial Domination [view article]
The question should be: who holds dollars? My understanding is that over 50% of the dollar supply is held by foreign central banks, foreign savers and investors and foreign institutions.The dollar is accepted as legal tender is most countries. In this content the dollar has value. I can go to almost any country in the world and use my dollars to buy goods, services and/or assets; the seller in turn will exchange their dollars for their own currency.
The country’s central bank is left holding the dollar, which they reinvest in incoming producing assets. Sovereign Wealth Funds are simply a national vehicle for investing surplus dollars and other currencies into wealth producing assets. These wealth producing assets will generate goods, services and/or assets that will be exchanged for currencies.
If one listens to our policy makers one thinks that this is a never ending circle that is raising the standard of living of the poor and downtrodden. The argument that one is exchanging something (goods, services, assets) for nothing (currencies) doesn’t hold water with them.
They respond that economies are operating in a globalized economic environment and currencies are simply a medium of exchange to make the process work effectively. Currencies are governed by treaties and treaties can be changed to accommodate changing conditions.
Because globalization is a new economic force, market forces have not yet worked through the system. These market forces will correct and strengthen the globalize economy not ruined it.
The policy makers say that people of economic doom are simply ignoramus’s who don’t understand how the system works.
Reply
The End of U.S. Financial Domination [view article]
First of all, it's "MORAL", not "MORALE".Second, you're a young fool.
You can't see a reason institutions are not allowed to fail because you have always lived in a world where they don't.
And you can dismiss "fiat paper" but it only makes you look stupider. Fiat money is the only kind of money there is. Since medieval times, we have known that the agreements behind banking (this "fiat" of which you speak) are many orders of magnitude more valuable than the hard assets that back them. That's just the math. I refer you to this paper:
frbatlanta.org/fileleg...
republished by the Atlanta fed.
Finally, the problem we now see is that for all the talk about market efficiency, our financial system was more than slow to put the bad results of bad credit decisions where they belong - onto the holders of equity.
Because of the "Invisible Hand" religion taught to you by people who should really know better, we came foolishly to believe that the financial industry would self-regulate the new world of private-label MBS and derivatives. About 700 years of market history should have told us that when there is nobody there insuring the quality of the inventory, an exchange will inevitably become a "Market For Lemons" and fall apart. It only happens EVERY SINGLE TIME. But this time, we knew better.
If you really want to see what some true tax-inefficiency looks like, keep pushing for liquidations and collapses - just like the Hoover Administration did. Maybe its the only way people can learn, but I hope not.
The bailout will not cause credit damage because the credit damage is already done. It's just a question of where it lands now. If our system of corporate ownership really was an efficient market - which it isn't - bad institutions should have been gobbled up by good institutions already and new capital should have flowed in to take advantage of the crisis mispricing of the financial assets (business efficiencies, valuable agreements) created by the MBS and derivatives markets (which certainly exist).
But since the system is intrinsically inefficient, debt and deception by management and rogue institutions were heaped onto the equity of the good parts of the system to the extent that it may already be broken. The failure of banks to do equity deals during the past little run-up is telling. It shows the private equity finance system in the first stage of failure.
THAT is why the government is coming in here. You don't want to see the second stage and you really don't want to see the third. Reply
ready
The End of U.S. Financial Domination [view article]
I laugh at those people who THINK that gold/silver/platinum will "protect" their assets when the dollar shrinks in value like that of the "Weimar Republic!" There are perhaps only a few thousand precious metal investors out of a total 200 to 250 million American citizens. So.....when the value of the dollar drops to forty cents or less OR becomes inflated like that during pre WWII Germany, the Weimar Republic those individuals with gold/silver will be able to barter food/shelter etc with their buillon and NOT be noticed by those individuals who have "relatively worthless fiat money?" Guess what! I hope you have plenty of guns/ammo because once your gold/silver is spotted by the "less fortunate" YOU will become the target or "criminal minds." Globalism has so intertwined within all countries, all cultures, all business/corporations that when "America sneezes, Europe will catch cold!" London is purported to be the "New York" of Europe with regards to business. When our leaders realize that UNLESS WE stop being the "policeman" of democracy/terroism throughout the world because it is fastly becoming bankrupt; then Europe will have to pick up the tab for their own countries against Islamic extremism! ALL the countries of the world are run on "fiat currencies." All the other countries of the world are now experiencing the same problems that the US is with regards to "credit," and mortgages. Russia is the only country who is now on the "gold standard!" Looks like a "New World Order and a New World Government" is just around the corner! Just a fluke? It has been said that NOTHING in politics or finances is coincident but rather has been planned and implemented by such groups as the Bilderburgs, Illuminati, and the Banking interests for world domination! By the way, the Federal Reserve IS NOT a governmental department but is privately owned by the large banking corporations here in the US and abroad! Looks like Thomas Jefferson was right when he said that the Banks who could control the movement/flow of money can control the nations of the world!Reply