One of the original inductees to the Hall of Shame. Where are they today? See below! BWAHAHAHA
2008-03-16: J.P. Morgan to Buy Bear Stearns
J.P. Morgan Chase agreed to buy Bear Stearns for $2 a share in a stock-swap transaction, people familiar with the matter say. J.P. Morgan will exchange 0.05473 shares of its common stock per one share of Bear Stearns stock. Both boards have approved the transaction.
They appear to have a systemic lying problem. LOL
March 15, 2007
Memo to Bear Stearns, YOU'RE FU**ED!!
Bear Stearns Asset Management Funds go bankrupt: High-Grade Credit Strategies fund, High-Grade Structured Credit Strategies Enhanced Leverage Fund
Aug. 7, '07: Bear Stearns Caymans Filing May Hurt Funds' Creditors
(Bloomberg) -- Bear Stearns Cos.' decision to liquidate two bankrupt hedge funds in the Cayman Islands instead of New York may limit creditors' and investors' ability to get their money back.
Aug. 1, 2007: Bear Stearns hedge funds file for bankruptcy
Take the money and run, Bear!! BWAHAHAHA
And here is the most damning piece of evidence that Bear Stearns was manipulating the market while they prepared for the bankruptcies.
March 15: Mortgage-backed securities problem is contained,...
June 22: Problem is NOT contained
And now we learn they were trying to "help" smaller investors. Oh, how generous.
Failed Bear Stearns funds invited smaller investors
Ok, what is Bear up to, now...
2008-02-08: Bear Stearns Is `Short' Subprime Mortgages $1 Billion
. . . . . . . . Rot in hell, Bear Stearns!
Oh, what a tangled web we weave, Bear Stearns... you bums!
2008-03-14: Bear Stearns bailed out by Fed, JPMorgan
NEW YORK - Bear Stearns Cos., one of Wall Street's venerable investment banks, received a bailout Friday by the federal government and JPMorgan Chase & Co. in a surprise, last-ditch effort to save the 86-year old institution.
2008-03-14: Pathetic Bear Stearns Bailout: Who to Blame
Bear Stearns (BSC) has been forced to run hat in hand to the Fed and whimper that it's "too big to fail," the mewling is about to begin:
• It's not our fault! It's a run on the bank!
• We never could have seen this coming!
• Blame those jerks who stopped lending us money!
Give us a break. If Bear Stearns goes to zero, there will only be one party to blame: Bear Stearns management.
MMmmmm... Bear Stearns for lunch.