FB: Liberty League

[JT]

gettin ugly out there...bear stearns imho is just delaying the inevitable....they cant make it and need a buyer immediatley...jp morgan looks to be the winnah....they wouldnt give them that cash infusion w/o the string attached of being able to buy them out...another domino falls w/ more to come....dont be surprised to see some of the other big boyz needing more cash infusions especially citi and merrill lynch

A lot of this ish is smoke and mirrors.  The reserve requirement has been 10% since Dec 2006.  Which means that for every $100 on deposit, a bank can lend out $1,000. $900 of being almost pure fiction.  Its a shell game.  And every time it happens, the rich get richer.  If you don't learn how the game is played, you get played.  The money isn't real, only the consequences.

[PBR...]

gettin ugly out there...bear stearns imho is just delaying the inevitable....they cant make it and need a buyer immediatley...jp morgan looks to be the winnah....they wouldnt give them that cash infusion w/o the string attached of being able to buy them out...another domino falls w/ more to come....dont be surprised to see some of the other big boyz needing more cash infusions especially citi and merrill lynch

A lot of this ish is smoke and mirrors.  The reserve requirement has been 10% since Dec 2006.  Which means that for every $100 on deposit, a bank can lend out $1,000. $900 of being almost pure fiction.  Its a shell game.  And every time it happens, the rich get richer.  If you don't learn how the game is played, you get played.  The money isn't real.

pbr's got a lot of friends that work there...they were the standard for a long time in fixed income....some really good sharp peeps that work there and are going to end up looking for work out of this mess...going to be a long road back. da bear was always a place people  wanted to work in fixed income they knew their ish and they and salomon were the standard for a long time /w goldman

[JT]

So after the Billy Crystal farce, JT wonders when he'll get his one day Spring training contract.  Pays to be kinda of famous.

[mattvsmith]

Rocking debate on You Tube from 2006.
Amazing how prescient Peter Schiff was.

http://www.youtube.com/watch?v=LfascZSTU4o

Art Laffer? Dead wrong.

[Touchdown Tommy]

Closed Circuit to LewDogg:

Are you running your annual NCAA Pool?  I'd love to take Regulator's money again!

['gro]

Gro's postin up in downtown ATL.  Hotel is across the street from the busted up Westin. If anyone is in the plywood or window repair business your services are needed pronto.

['gro]

Lewdogg is probably recovering from St. patty's day weekend festivities. Unfortunately neither gro or reg could make the trip this year (LD, don't be maaad) so while it didn't have the hater flavor, nothing stops LD from getting his corned beef and cabbage on.

[Frank Rossi]

RIP Bear Sterns:  1923-2008

From a January 2007 high of $170 per share, enjoy your lovely consolation prize of $2 worth of JP Morgan Chase shares (which will decline tomorrow based on the purchase).  It could be worse -- you could be the Fed accepting a bunch of worthless mortgage-backed securities in exchange for more lucrative paper.  Nothing like a weekend Fed rate drop (they cut the discount rate .25% tonight) to spook the markets -- Dow futures down 135 and gold up to $1,020 an ounce currently.

[labart96]

rev may be the only poster that will appreciate this, but hobart's new lax uni's are sweet.  the football team should follow suit - literally.

http://photos.insidelacrosse.com/D1.php

[labart96]

RIP Bear Sterns:  1923-2008

From a January 2007 high of $170 per share, enjoy your lovely consolation prize of $2 worth of JP Morgan Chase shares (which will decline tomorrow based on the purchase).  It could be worse -- you could be the Fed accepting a bunch of worthless mortgage-backed securities in exchange for more lucrative paper.  Nothing like a weekend Fed rate drop (they cut the discount rate .25% tonight) to spook the markets -- Dow futures down 135 and gold up to $1,020 an ounce currently.

unbelieveable.  and tgp thought that bofa got a bargain.  wow. 

[mattvsmith]

rev may be the only poster that will appreciate this, but hobart's new lax uni's are sweet.  the football team should follow suit - literally.

http://photos.insidelacrosse.com/D1.php

Sha-ZAM!!!

Those are some bad-ass threads.

The Rev especially likes the Luke Skywalker on Hoth gloves they wear.

Did you get the e-mail with the score yesterday?  13-12 G-town in double OT.  What a bummer!

[mattvsmith]

RIP Bear Sterns:  1923-2008

This is a damn shame.  Even though I disagreed with their policies, I hate to see a venerable old house go down.

[PBR...]

RIP Bear Sterns:  1923-2008

From a January 2007 high of $170 per share, enjoy your lovely consolation prize of $2 worth of JP Morgan Chase shares (which will decline tomorrow based on the purchase).  It could be worse -- you could be the Fed accepting a bunch of worthless mortgage-backed securities in exchange for more lucrative paper.  Nothing like a weekend Fed rate drop (they cut the discount rate .25% tonight) to spook the markets -- Dow futures down 135 and gold up to $1,020 an ounce currently.

unbelieveable.  and tgp thought that bofa got a bargain.  wow. 

Happy St. Pat's Day LLPP.... and TGP you could be a huge investor of bear whose stock holdings in bear was worth 1.3 billion last week and now are worth 13 million...talk about wanting to give someone a swift kick in the nutz...pbr can relate to losing 1 billion over a weekend but its not the way pbr likes to roll thats for sure... (joe lewis losing 1/2 his net worth over the weekend cannot be a happy man today)

[JT]

RIP Bear Sterns:  1923-2008

From a January 2007 high of $170 per share, enjoy your lovely consolation prize of $2 worth of JP Morgan Chase shares (which will decline tomorrow based on the purchase).  It could be worse -- you could be the Fed accepting a bunch of worthless mortgage-backed securities in exchange for more lucrative paper.  Nothing like a weekend Fed rate drop (they cut the discount rate .25% tonight) to spook the markets -- Dow futures down 135 and gold up to $1,020 an ounce currently.

Let's just hope they don't start pricing oil in Euros or some other non-US currency.

On a better note... if these two technologies come to fruition soon, oil dependency may become a thing of the past

http://www.fastcompany.com/magazine/103/open_1-osborn.html

http://peswiki.com/index.php/Directory:Biodiesel_from_Algae_Oil

[Regulator]

Can someone tell Reg why the F gold is so expensive?  I mean, what is so special about gold, are people not mining it anymore?  Is there a huge influx of people getting there teeth did?  Did the A-Team finally start airing in Europe and Asia?