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Entry: (One Of) You Asked For It

posted by series75

Feb 15, 2008 12:18PM

aww dude my name doesn't even make ANY sense now that i can't have the . in it. Dealbreaker, i surrender.

-series7.5

ps the gray italic comment font is the proxy access of fonts.

make of that what you will.

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Entry: "JPMorgan, NYFED To Provide Financing To Bear Stearns"

posted by series75

Mar 14, 2008 9:35AM

Bess's "Update" is as succinct and accurate a description of what happened as you are likely to read today or ever

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Entry: "JPMorgan, NYFED To Provide Financing To Bear Stearns"

posted by series75

Mar 14, 2008 11:09AM

@Dave Chappelle, I think it's more complex than that. (More complex ... than that?) This is not JPMorgan credit extended to Bear because the Fed suggested it was a good thing to do, JPM is just the conduit through which the Fed is extending its own credit to the troubled broker since the term lending facility is not open yet.

@MrP Bear's IB would be useless most places except at a bank with a larger balance sheet that could leverage it in a way standalone bear could not (if that business model still exists; I believe it will) but it would have to be someone who doesn't already have a lot of people on the ground in the U.S. so yeah why not SocGen?

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Entry: "JPMorgan, NYFED To Provide Financing To Bear Stearns"

posted by series75

Mar 14, 2008 11:14AM

@GG 10:45 yes, thats how this whole problem got started.

Bear still feels like toast though, and is scurrying busily to lock up more funding past 28 days, the clock is ticking, your phone will probably ring some time soon. Every hedge fund CEO should be taking his money out.