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Hot Topics => Off Topic Discussion => Topic started by: SemiAutoSam on March 16, 2008, 06:40:45 PM
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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
-
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.
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SAS - You called this one.
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he's now batting
.00000100