Bear Stearns bankruptcy
704set
of this market decline?
704set
Lawyerkill
No, this one;
AERO SHORTS MARKET WITH LIFE SAVINGS
qwest602000
yeah. i think aero is the main story
aero...@flight.net
wrote:
Never happen......
I will never put all $2,000 of my life savings into this "market"....
8)
bob wald
some of thier losses..buy 30mm shares...fast!
Dr Tormento
news:35WdnWbVcrAYgirb...@comcast.com:
> Will the bankruptcy of Bear Stearns be the headline story that marks
> the end of this market decline?
No, it will be the one that marks the start of the crash.
qwest602000
> "704set" <704set@no_email.com> wrote innews:35WdnWbVcrAYgirb...@comcast.com:
>
> > Will the bankruptcy of Bear Stearns be the headline story that marks
> > the end of this market decline?
>
> No, it will be the one that marks the start of the crash.
oh well. i have eaten rice and beans before
FrediFizzx
news:35WdnWbVcrAYgirb...@comcast.com...
> Will the bankruptcy of Bear Stearns be the headline story that marks
> the end of this market decline?
Nah, they will probably get taken over by foreign investors if they sink
much more.
Fred
lubow
Put it this way... how many wire houses have remained unmerged and
independent through the depression, the Nixon ten year bear market and
everything else?
This is how the Wikipedia phrased it:.
The company was founded in 1923 and serves corporations, institutions,
governments and individuals. It is one of the few investment banks that has
stayed independent and not merged with any other bank throughout its
history.
--
Lubow
"704set" <704set@no_email.com> wrote in message
news:35WdnWbVcrAYgirb...@comcast.com...
lubow
colliding with earth.
Over the years, I have to say I have been rather lucky or fortunate. I
graduated from a public high school where one of the other 1181 graduates is
now CEO of Ingersoll-Rand. Another guy in that class was listed in the
Forbes 300 wealthiest Americans. A guy who graduated with me in civil
engineering at CCNY is now the CEO of an NYSE listed company. In graduate
school I took a course given by a Nobel laureate. But... The smartest guy I
ever knew was Farn Lee (Lee Sik Farn), an engineering construction inspector
I had met while working in the construction division of the NYC Transit
Authority. Farn was not only a great engineer, he was a great businessman.
He owned three Chinese restaurants in Chinatown, New York City plus New York
City real estate he had bought on the cheap. I have no idea why he needed
to hang out with us in a city job. It was probably for the pension. Now when
I hear of the Mark Twain-like pending doom of Bear, I think of two great
pieces advice I had gotten from Farn Lee.
The first was when I had asked about a good Chinese restaurant in Brooklyn
for a nice romantic rendezvous with Marilyn the CPA. "My friend," said
Farn, "the best Chinee restaurant in Booklin [Brooklyn] belong to my unco
[uncle]. And it stinks!"
The next bit of advice was a lot more profitable.
Around the time I met Farn Pres. Nixon rejected Lee Iacocca's plea for
government guarantees on paper Chrysler wanted to sell, presumably to stay
in business. As we know, Nixon subsequently rejected Iacocca's
grandstanding and Chrysler stock dropped to a perhaps couple of bucks per
share ( I just remember it was below $10). Fawn took every dollar he had
(and he plenty of them) and bought Chrysler stock. "My friend, this is when
you buy stock."
If Fawn wasn't a millionaire before the Chrysler transaction, he was one
when the stock broke the 70s, I believe after splitting. and that's in the
days when the Canadian loonie was around $0.50.
If BSC drops below $10, you now know where my money is headed.
--
Lubow
"Dr Tormento" <re...@togroup.com> wrote in message
news:Xns99845047D29...@69.28.173.184...
FrediFizzx
they are a takeover target.
But good stories.
Fred
"lubow" <lu...@lubow-industries.com> wrote in message
news:JIOti.2765$7m5.1722@trndny02...
Bill Reid
FrediFizzx <fredi...@hotmail.com> wrote in message
news:5hq04pF...@mid.individual.net...
> > If the Bear goes belly up, you will not need to worry about an
> > asteroid colliding with earth.
> >
> > Over the years, I have to say I have been rather lucky or fortunate.
... to be a natural born liar to compensate for your idiocy...
<snip of gigantic pointless ever-changing fantasy autobiography>
> > "My
> > friend," said Farn, "the best Chinee restaurant in Booklin [Brooklyn]
> > belong to my unco [uncle]. And it stinks!"
I haven't seen a mocking of a Chinese accent like that in this group
since "ausound" did it to denigrate the poster that gave him "his" horrible
stock pick of FONR...
> > The next bit of advice was a lot more profitable.
So let's get it right, so as not to mislead people, OK? This is why
you're such a dangerous poster as well as being just a complete asswipe,
you just pass out ridiculously bad information without remorse on a
constant basis...
> > Around the time I met Farn Pres. Nixon rejected Lee Iacocca's plea for
> > government guarantees on paper Chrysler wanted to sell, presumably to
> > stay in business. As we know, Nixon subsequently rejected Iacocca's
> > grandstanding and Chrysler stock dropped to a perhaps couple of bucks
> > per share ( I just remember it was below $10).
OK, the truth is that Chrysler WAS bailed out by the Federal government
to the tune of $billions of loan guarantees. Period. To in any way imply
that it was not is to perpetuate one of the most dangerous investment myths:
that it is a good idea to buy stock in companies that are clearly going
bankrupt. Idiots like you have misrepresented the Chrysler bail-out
history for years to provide a data point to support the idea that you can
make big bucks buying the stock of companies going down the toilet.
> > Fawn took every dollar
> > he had (and he plenty of them) and bought Chrysler stock. "My friend,
> > this is when you buy stock."
You forgot "My fLiend" you idiotic racist. But in any event, here is
the truth:
Chrysler AFTER the bail-out WAS a reasonable buy for a portion
of an intelligent person's portfolio, and turned out to be spectacularly
profitable (it actually rose several hundred-fold in a few years from
its lowest point AFTER THE BAIL-OUT to its peak).
The reason lay in a little piece of history and knowing something
about Chrysler's overall business. Chrysler wasn't the first big American
company to get bailed out in that era; most famously (or notoriously)
Lockheed was saved a few years earlier.
And what you couldn't help but notice in that bail-out was that
the Feds were bound and determined they weren't going to lose
a nickel on their loan guarantees, and they had a not-so-secret
plan to ensure that wouldn't happen. You see, the Federal
government was Lockheed's biggest customer, and although
they flunked every general contractor test of financial solvency
required to get new government contracts, Washington pushed
through $billions of new contracts, and that's what saved the
company.
Same thing happened, with a few wrinkles, with Chrysler's
military vehicle division. After Congress approved the bail-out,
Chrysler just happened to magically win $billions in new business
for that division. In both cases, the Federal government not
only didn't lose money on the loan guarantees, but actually
MADE money on the deals, and people who could recognize
the basic motivations and actions of the government could
have made millions buying the stock when many thought
mistakenly that the companies would still go bankrupt even
with the bail-outs.
> > If Fawn wasn't a millionaire before the Chrysler transaction, he was
> > one when the stock broke the 70s, I believe after splitting. and
> > that's in the days when the Canadian loonie was around $0.50.
Oh, don't forget to throw in a non-sequitur about the Canadian
dollar, you "loonie"...
> > If BSC drops below $10, you now know where my money is headed.
Same place it apparently is headed now: Depends(TM)...
> But good stories.
Yes, he do spin a yarn, don't he? Bottom line: in general, investing
in companies going bankrupt is not a great idea, but if there are some
extenuating circumstances (like Uncle Sugar coming to the rescue in
more ways than are publicly apparent), THAT'S when it makes
sense to make a PRUDENT investment...
---
William Ernest Reid
Post count: 724
704set
Hutton and Bank of New England. They would never let the second largest
bank in New England go belly up.
704set
lubow
defraud Uncle Sam not to mention the collapse of the junk bond industry
which DBL created. EF Hutton is now part of Lehman Brothers and BNE was
just another victim of Reaganomics along with its sister S&Ls.
On the other hand Chrysler had whole towns and cities existing to supply
Chrysler with parts, not to mention the voting workforce and property taxes
due to school districts and localities. It could be argued the US
government did not allow Citibank to go belly up either in 1982, even when
the stock when to around $1. Somehow the Saudi royals got involved with the
Citibank rescue
I think the situation with Bear is a lot closer to Citibank than to DBL,
Hutton, BEDCO or Ross Perot's brokerage DuPont Glore & Forgen. Just an
opinion.
--
Lubow
"704set" <704set@no_email.com> wrote in message
news:e9qdnV0vpYopayXb...@comcast.com...
Alan Bowler
>>> If Fawn wasn't a millionaire before the Chrysler transaction, he was
>>> one when the stock broke the 70s, I believe after splitting. and
>>> that's in the days when the Canadian loonie was around $0.50.
>
> Oh, don't forget to throw in a non-sequitur about the Canadian
> dollar, you "loonie"...
Maybe it is not a non-sequitur. The Canadian dollar was never
"around $0.50". The rest of the message it probably just as fanciful.
Lubow
> Maybe it is not a non-sequitur. The Canadian dollar was never
> "around $0.50". The rest of the message it probably just as fanciful.
Why do the words, "reid" and non sequitur seem to go hand and hand?
In fact the words sociopath and "reid" also seem to go hand and hand.
Can anyone tell us when this psychotic ever said anything nice to
*anyone* ??
Can anyone relate when this deranged hate filled sociopath helped a
newbie asking for information and/or assistance.
On the other hand, has there ever been a "reid" post where a fellow
poster was not called a moron OR when "reid" was looking for a
"congratulations" for posting his fraudulent "forex" hypothetical
trades (only to find that nobody cared) ?
I think "reid's" psychotic rants of jealousy should contain the
Surgeon General's warning; "Reading anything by 'reid' is not only
dangerous to your own mental health but encourages a psychotic
sociopath to form internal bouts of rage and jealousy."
To put it another way, life is much to complicated to get involved
with a lunatic obsessed that "entertaining himself" because he suspect
his mother "does not love him."
For best results when using your Microsoft Outlook, left click on a
"reid" post, then left click on Message and left click on Block
Sender..
That is the surest way I know of encouraging a hateful and socially
useless psychotic to get the help he needs.
--Lubow
Lubow
>
> Maybe it is not a non-sequitur. The Canadian dollar was never
> "around $0.50". The rest of the message it probably just as fanciful.
Yeah, the loonie was never $0.50. Even Trudeau couldn't devalue it by
much. Around the time Chrysler had its troubles, the CAD was around
parity. It was only during the Clinton years that the loonie hit rock
bottom at around $0.62. The only point I was trying to make was that
in the 1970s a dollar was a dollar. But come to think of it, it was
never a dollar. So yeah, I was wrong.
As far my anecdotes of Farn Lee, those were about the tamest. My only
regret was that I only had enough to buy 50 shares of C. Farn bought
much more.
Farn also catered our parties when people got married (like me) or
were promoted. Unlike the "reid" character there was not a person who
did not like Farn.
Besides teaching about the fact that Uncle Sam cannot allow EVERY
business to go under (a lesson I later applied for another stock that
ironically inherited the C stock symbol and for Con Edison's dropping
to around $5), he also taught me how to play elephant chess. It just
took awhile before I could one piece from another. Unlike chess,
elephant chess pieces are all the same cylindrical shape except that
they have different Chinese characters on them.
Like I said, I had never fully understood why Farn hung out with us at
the NYCTA. It was probably for the pension and almost-free lifetime
health care. He was some cleaver guy. I really miss him.
Do you think when "reid" drops dead anyone will say "I really miss
that hateful lunatic?"
Thought so.
-- Lubow
704set
704set
"lubow" <lu...@lubow-industries.com> wrote in message
news:Rb8ui.6626$I64.5050@trndny08...
lubow
--
Lubow
"704set" <704set@no_email.com> wrote in message
news:OaKdnWS3-pERoSfb...@comcast.com...
704set
unit. About a year later AXP spun off Lehman in an IPO.
704set
"lubow" <lu...@lubow-industries.com> wrote in message
news:ULrui.8322$CE4.5237@trndny03...
Blash
> AXP sold Shearson (along with Hutton) to Primerica's Smith Barney
> unit. About a year later AXP spun off Lehman in an IPO.
>
> 704set
If you want to go back a few more years, Shearson Hammill bought Hayden
Stone, and eventually about 20 different firms were bought, merged into,
absorbed by them....
The only one who made big bucks was their printer......new letterheads,
forms, business cards etc. every few months......
lubow
interesting... You're reading this Aero?
--
Lubow
"704set" <704set@no_email.com> wrote in message
news:w86dnTIYE_tB7yfb...@comcast.com...
704set
704set
"lubow" <lu...@lubow-industries.com> wrote in message
news:7gvui.8345$CE4.607@trndny03...