Author Topic: JPMorgan Chase to buy Bear Stearns  (Read 3151 times)

SemiAutoSam

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JPMorgan Chase to buy Bear Stearns
« 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


Offline 5150Marcelo

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Re: JPMorgan Chase to buy Bear Stearns
« Reply #1 on: October 12, 2008, 10:11:01 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.

Offline saigon1965

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Re: JPMorgan Chase to buy Bear Stearns
« Reply #2 on: October 13, 2008, 11:18:18 AM »
SAS - You called this one.

Offline UCLA_Plinker

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Re: JPMorgan Chase to buy Bear Stearns
« Reply #3 on: October 13, 2008, 11:27:31 AM »
he's now batting

.00000100