What is Digg?86 Comments
- Look4Truth, on 03/15/2008, -3/+24This is just the beginning.
- WolverineBlue, on 03/15/2008, -1/+19You mean to say that hopelessly complex investment vehicles based on an unsturdy, declining market can sometimes fail? You, sir, should be an economist.
- bjornski, on 03/15/2008, -1/+12Socialize the losses, privatize the gains. That's American capitalism.
You don't "own" *****. Doesn't matter what your house title says. - pprovo1, on 03/15/2008, -6/+16We are in a recession. This is no surprise
- PhilMoskowitz, on 03/15/2008, -2/+10That's the single more concentrated denial I've ever witnessed. The WSJ wouldn't be in business if they didn't provide accurate information. If you didn't know that then everything else you say is immediately impeached. Go away.
- nomadxx7, on 03/15/2008, -1/+9Um, the economy is being driven by Wall Street. We have no manufacturing jobs in this country and the housing bubble burst. Just because the market is falling, MEANs that the economy is going to *****.
Inflation, lack of jobs, increasing unemployment all lead to one outcome --> recession/depression - kunradish, on 03/15/2008, -1/+9I work at bear Stearns and lets just say I am seriously doubting that I am going to have a job come Monday.
- Acewrap, on 03/15/2008, -1/+6It's a WSJ article. Don't be a tool.
- wilhoitm, on 03/15/2008, -2/+7It is going to get bad!
- PeterODactyl, on 03/15/2008, -2/+6I'd like to see a list of who got out before the ***** hit the fan.
- inactive, on 03/15/2008, -1/+5Ironically its a bear market right now
- bjornski, on 03/15/2008, -0/+3When are we going to hit 0%, like Japan did a while ago?
It ***** them over, but dont' expect Americans to actually watch and learn from history. - Groovemaster, on 03/16/2008, -2/+5I agree up to the end part.
The constitution is already dead. - XmenArt, on 03/15/2008, -3/+6And you sir, should replace Bernanke.
- inactive, on 03/15/2008, -3/+6Let me guess - you also thing GM foods, overfishing, decreased meat inspection, wide open borders and the government of Saudi Arabia are all good things, right?
Keep up the fantasy...and good luck with that. - DyceFreak, on 03/15/2008, -1/+4you owned that Bushican's ass without even mentioning people losing their homes... good job!
anyone who says the market isn't going to ***** completely ignores time, and people who ignore time, are still infants. Its freaking physics, there is currently momentum in the opposite direction we want it to go, or negative momentum (obviously). Just because you can still sit on your ***** couch with your $1000 laptop connecting to your 16mbit internet doesn't mean the economy isn't swirling down the *****, actually thats probably the reason it is. - inactive, on 03/15/2008, -2/+5Oh what am I a part owner of Bear Stearns now that my tax money was used to bailout their incredible stupid investments?
- inactive, on 03/15/2008, -1/+3or the end.
- BassMastr, on 03/16/2008, -0/+2How are banks responsible for people buying things they can't afford? Yes the banks should have done a better job a making sure these people could afford what they were applying for, but it's not the banks fault that people lie when applying for homes or buy things they can't afford. Why is it someone Else's fault when people make bad decisions with their finances? Maybe that's the problem is some people look to others to keep them from doing something stupid and some of us assume our own responsibility.
- XmenArt, on 03/15/2008, -2/+4It's sad that some of the largest and allegedly most reputable finance and investment firms got so caught up in the housing boom. Only just now are banks starting to wise up. According to http://www.helocbasics.com some large lenders like Countrywide just pulled around 100k home equity loans to homes that are obviously no longer worth much at all.
What's sad is that these pulls are only going to cause more home owners to be upside down in their homes, which will mean more foreclosures, and a lot more dead banks. - clickwir, on 03/15/2008, -3/+5Lost 6.1B..... to who? It's not like it just disappeared.... who got the money?
- BassMastr, on 03/16/2008, -0/+2Those people losing their homes are also the same people who went out and bought houses they couldn't afford. I have no sympathy. Learn to read the fine print when you sign a contract. Yes the banks share some responsibility too, but ultimately your finances are your responsibility.
- inactive, on 03/15/2008, -0/+2I agree. check out some Larouche webcasts also: http://www.larouchepac.com/media
- e2superman, on 03/15/2008, -1/+2may I ask why? BSC met resisitance twice at the price and did not go under it. It's book value supports it. Also it will probably have a dead cat flop on Monday which I have sell at to gain a 10% or so profit.
- heystoopid, on 03/16/2008, -1/+2Duck and cover , run for the hills as the S*** is about to hit the fan and "Black Thursday" is coming !
- AWBoy666, on 03/15/2008, -1/+2They will be acquired. Bear just doesn't have the size necessary to handle its current problems.
I almost worked for them starting in May.....now I'm glad I said no. - jebsilver, on 03/17/2008, -0/+1Ouch. I hope you only bought 1 share. It's trading around $2 right now.
- e2superman, on 03/15/2008, -1/+2Assuming a decent ER, you will see a bounce on Monday. They will get
the capital they need to stay afloat and if a buyout happens it will
go even higher due to a premium being paid. I think you will see
38-42 on Monday. Also don't forget the expected rate cut of .75 to 1
% this week. - inactive, on 03/16/2008, -0/+1i heard that too - hopefully he bought some last week
- Frnnkdlxx, on 03/16/2008, -0/+1Ron Paul wouldn't say "***** THE PEOPLE" like I would...
- BassMastr, on 03/16/2008, -0/+1And the CPI broke before that...either way the market was up early and then went to *****.
- inactive, on 03/15/2008, -1/+2The financial industry has mostly disabled the protections put in place after the 1929 crash. The FED seems to be waking up to this issue, but probably too late. The SEC has been MIA of decades and seems powerless to me........
- macman2k, on 03/16/2008, -1/+2the people who sold the shares to the current share holders. For anyone sitting on "paper" gains the money just disappeared because they "made" and "lost" that money.
- bjornski, on 03/15/2008, -1/+2The money always flows upward. "Trickle-down" NEVER happens. I'm still waiting for Reagan's promised trickling-down.
Oh, I've been trickled upon, but not financially. - klasikahl, on 03/15/2008, -1/+2First of all, BSC is not likely to be BSC by Monday. Secondly, an analyst at GS said that Bear's stock could devalue completely before the trading week is over (Thursday). If you're really eager to make money on BSC's volatility, I would suggest an out of the money options strangle in April08.
- klasikahl, on 03/15/2008, -1/+2It's because of the implications this would have for its counterparties. BSC falls, they all fall.
- donutwant, on 03/15/2008, -2/+3Michael S. Rozeff's excellent take on the situation.
Today the Fed is funneling funds to Bear, Stearns, a failing Wall Street investment banker. There is no reason why the firm should not have been let fail. Its customers and lenders were abandoning it in a vote of no confidence. Why shouldn't failures fail? The firm's stock fell sharply and it will probably fail or be absorbed anyway. If Bear could not pay its borrowings to others, should they not suffer and feel the pangs of their errors? If Bear had to liquidate securities, should they not find a price at which investors are willing to hold them? Let the bankruptcies roll! Why is Bear favored and not others? How can a financial system in which risk plays a key role be insulated against downside risks when they come to pass? Only by shifting them to taxpayers. Main Street's distrust of Wall Street is due for a resurgence now that the open and corrupt alliance between the Fed and its Wall Street favorites is coming out into the open. The spectacle of one bailout after another is disgusting and dismaying. The Fed is doing everything it can to prolong the financial difficulties and heighten their impact.
http://www.lewrockwell.com/blog/lewrw/archives/019 ... - ColonelJessup, on 03/15/2008, -1/+2And what did I post before? My dismay at a bunch of basement dwelling losers, posting from their mom's basement giving everyone their "expert" analysis on the economic situation.
Oh yes. Digg.com, THE hangout for true "intellectuals"............
LMAO @ DIGGTARDS!!!!! - mciampa1214, on 03/15/2008, -1/+2actually it did 'disappear'
- schallb, on 03/15/2008, -2/+3How can the big boys get away with this racketering ,but somehow the little guy always suffers and is blamed, is and always will be beyond me..
- heystoopid, on 03/16/2008, -1/+1and so will fifty million other people too !
- ChefBonheur, on 08/15/2008, -0/+0This is why more people should invest in art! http://www.artic.edu/~lhood/
- inactive, on 03/15/2008, -4/+4Can't trust the mainstream media. The reason the MSM is shouting depression , crash, is because they are ordered to destroy the faith in the dollar, which will result in a new Amero currency as a method to respond to the fallen dollar. A new North American Union combining USA, Mexico, and Canada means the destruction of sovereign nation state, and the end of our Constitution.
- CedEx, on 03/17/2008, -0/+0Geez, I feel for you buddy... I heard it was going for $2/share Monday. Yikes.
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http://astore.amazon.com/horizon.treadmill.store-2 ... - klasikahl, on 03/15/2008, -1/+1Actually, Joe got long in BSC by selling puts.
- ChefBonheur, on 06/11/2008, -0/+0I know what's not in a recession...the internet business.. http://www.marketwithartemis.com
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