Jeff Macke on CNBC suggests that JP Morgan and Goldman Sachs could pay a heavy price resulting from the government's request that they arrange $75 billion in emergency funding for AIG....
If the market is open, the financials are down 10%. This will continue until we have another Bear Stearns-like failure. Bernanke has told us as much. Don't try to bottom-fish. These are failed...
Jamie Dimon admitted that JP Morgan got a real deal buying Bear Stearns for $10 per share. But it reinforces something I believe which is in tough times, vunreability results in a collapse in...
Article | Submitted Jun 18, 2008 | Views: 120 | Comments: 2
Tags: bear stearns, jp morgan
This signals that there will be no industry-wide SIV bailout fund backed by Treasury which in turn will cause further deterioration of the capital base of those banks involved in complex SIVs.
I view myself as a risk-taker. I have always been a risk-taker in my career and in relationships. Yet, last Monday, I was abruptly confronted with a risk that I couldn't possibly take.
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