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- Pacific Sunwear F3Q08 (Qtr End 11/1/08) Earnings Call Transcript
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6 Comments
Bear Stearns’ Bailout by the Fed, JPM: A Century Old Conspiracy
Bear Stearns’ Bailout by the Fed, JPM: A Century Old Conspiracy
"The $157-billion bailout was financed by floating 30-year bonds, the interest on which will make the ultimate cost much higher. The actual total will depend on what interest rates end up being between 1990 and 2020, but estimates range from $500 billion to $1.4 trillion (in other words, 1,400 billion dollars)." --
www.thirdworldtraveler...
Changes in The Fed's Balance Sheet
www.thirdworldtraveler...
Bear Stearns’ Bailout by the Fed, JPM: A Century Old Conspiracy
Here's some food for thought about the Bankers and their confidence and being truthful. Jimmy Cayne, the former CEO of Bear Stearns who resigned in January just cashed out his stock holdings in BSC at $10.84 a share for $61Million. Yep, he still makes money after driving the company almost to the ground.
Goldman Sachs had been reporting blockbuster numbers for the past year and things were rosy at the firm... yet recently announced laying off 15% of it's workforce as reported by the New York Post.
Which brings us back to BSC where they were saying things were ok even days leading up to the bailout.. even the SEC chimed in to say things were ok. Hmmm... who can we trust?
Keep an eye on Lehman...
Canadian Royalty Trusts: Cash in On High Oil Prices
It is my understanding that it is still a proposal to do away with the tax benefits of the trusts. It must still be passed by Parliament and signed into law. About 5% of the voters in Canada own income trusts, so it is unpredictable as to what will actually happen.
Different investors will have different styles of investing. Some will see this as an opportunity.
Invest in Wal-Mart For Less Than $4/Share
I believe the ADRs is WMMVY trading at 37.50. You can get quote on that on morningstar.
www.walmartfacts.com/