Egg

Should Alan Schwartz Be Citigroup's Next CEO?

Don't forget to write an article touting Bernie Ebbers to run the new AT&T.

Explaining the Bear Stearns Rescue

My biggest complaint about the "bailout" was why the Bear Stearns execs (and the rest of the shareholders) got $10 per share from the government while all the rest of the companies that go bankrupt are left with nada.

I'm sure the airlines' (Delta, UAL, et al) shareholders would have appreciated $10 per share from the government after 9/11 related bankruptcies. Heck, even the $2 would have been nice...but they got nothing.

As will in the future any shareholders of non-banking (Big Banks) companies that may go bankrupt.

Speculators Are Profiting from Bear's Demise

"Speculators" is the wrong word to describe the people who bought the puts.

It's pretty clear from a common sense point of view that they had inside information that other firms had ceased doing business with Bear Stearns last week. Inside information that the CEO conveniently failed to report during his infamous CNBC interview.

More Questions Than Answers on Bear

According to a Jim Rogers quote I read, Bear Stearns execs would have had to give back a billion plus in bonuses paid out in January if they had filed for bankruptcy.

If it's true, it would help explain the rationale for the take-under. If it's true, it will also be used against BSC in all the civil suits JPM is expecting.

Regardless, the whole thing really stinks...and I can't envision any shareholders (at least if they voted today) voting for the merger.

Bear Stearns Sold for an Embarrassing $236m

It definitely means the bottom for Bear Stearns, but now the new problem that it opened is what's going to happen to LEH now. Or MER. Or C. Not GS (Helicopter Ben's fleet would literally be in service before they are at risk.)

Can people who own LEH currently truely be confident that their stock will not wind up with a similar fate?