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Hot Topics => Off Topic Discussion => Topic started by: SemiAutoSam on March 16, 2008, 06:40:45 PM

Title: JPMorgan Chase to buy Bear Stearns
Post by: SemiAutoSam on March 16, 2008, 06:40:45 PM

IS this the start of a trend ?

IMO This could trigger a run on major banks.


http://edition.cnn.com/2008/BUSINESS/03/16/stearns.morgan/

Story Highlights
Acquisition values Bear Stearns shares at $2; Shares closed Friday at $30

U.S. Fed providing financing for up to $30 billion in Bear Stearns assets

Bear Stearns was facing "run on the bank" on Friday

Deal, if approved by shareholders, will close in June

Title: Re: JPMorgan Chase to buy Bear Stearns
Post by: 5150Marcelo on October 12, 2008, 10:11:01 PM

Quote from: SemiAutoSam on March 16, 2008, 06:40:45 PM

IS this the start of a trend ?

IMO This could trigger a run on major banks.


http://edition.cnn.com/2008/BUSINESS/03/16/stearns.morgan/

Story Highlights
Acquisition values Bear Stearns shares at $2; Shares closed Friday at $30

U.S. Fed providing financing for up to $30 billion in Bear Stearns assets

Bear Stearns was facing "run on the bank" on Friday

Deal, if approved by shareholders, will close in June

Times are gettin worse.

Title: Re: JPMorgan Chase to buy Bear Stearns
Post by: saigon1965 on October 13, 2008, 11:18:18 AM

SAS - You called this one.

Title: Re: JPMorgan Chase to buy Bear Stearns
Post by: UCLA_Plinker on October 13, 2008, 11:27:31 AM

he's now batting

.00000100