March 18, 2008
The Facts
During their Power Lunch segment today, CNBC had a discussion with three guests on the backlash from the Bear Sterns Bailout. The guest included Republican Strategist Jack Berkman, Andrew Jakobovics from the Center for American Progress, and CNBC’s own John Harwood. Each of them was ask to express their sentiments on the [...]
Entries Tagged as 'Bear Sterns'
Bear Sterns Bailout Backlash Interview
March 18th, 2008 · No Comments · News Media
Why Didn’t Stock Market Dive On Bear Sterns News?
March 17th, 2008 · No Comments · Government
March 17, 2008
The Facts
Before the stock market opened today on Wall Street, the futures were down by several hundred points on the Bear Stern news. When the market opened at 9:30 ET there was the typical sell off of stock that you would expect to see due to a couple of Blue Chip companies announcing [...]
Who Sold Their Bear Sterns Stock And Who Didn’t
March 17th, 2008 · 1 Comment · Wall Street
March 17, 2008
The Facts
If you watched any of the television news media today besides Fox News for more than five minutes you are well aware that Bear Sterns declared bankruptcy over the weekend. Last Monday their stock was at $70 per share; by Wednesday the stock was at $53 per share; today it is running [...]
Taxpayers Financing JPMorgan Buyout Of Bear Sterns
March 17th, 2008 · No Comments · Wall Street
March 17, 2008
The Facts
Last Friday, March 14, the Federal Reserve made available to banks $200 billion in unsecured loans. The timing on this loan was primarily to bail out Bear Sterns. JPMorgan was the intermediary to this bail out. But over the weekend, Bear Sterns declared bankruptcy, and guess who’s buying them out; JPMorgan. And [...]
Tags: Banks & Bank Failures·Bear Sterns·Financial Bailout·Financial Crisis
Where Are Extremist Republicans Now? UPDATE
March 16th, 2008 · No Comments · Wall Street
March 16, 2008
This is an update to a post I placed on March 14, 2008. The “Facts” and “My View” comments are the same from that post. What I have added is some comments from a family member and a famous quote from a well know person.
The Facts
Bear Stearns, one of the biggest brokerage houses [...]
Where Are Extremist Republicans Now?
March 14th, 2008 · 2 Comments · Wall Street
March 14, 2008
The Facts
Bear Stearns, one of the biggest brokerage houses in the world, is about to go bankrupt, so the Federal Government is bailing them out by providing money through JPMorgan Chase. Bear Stearns stock has taken a 53% plunge.
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Tags: Banks & Bank Failures·Bear Sterns·Financial Bailout·Financial Crisis·Republicans
Random Thoughts on Other Notable Headlines of the Day — Issue XXIX
June 25th, 2009 · No Comments · Random Thoughts
He said “I think that’s all appropriate and our company is well positioned for it”. So if his company is “well positioned” for it, why do they have to wait for reform before they implement the very things President Obama is asking for?
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Tags: AARP·AIG·Alan Sloan·Barack Obama·Bear Sterns·Drug Companies·George W. Bush·Goldman Sachs·Government·Health Care Industry·Health Care Reform·NRA·PhRMA·Random Comments of the Day·Socialism·Terrorist·Wall Street