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2008-03-17 Home Front Economy

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Posted by Fred 2008-03-17 00:00|| || Front Page|| [10 views ] Top

#1 Initial thoughts at Wall Street are that this was a good deal for JPM. Their (JPM) stock is up about 10% as of 1115am in an otherwise down market

Posted by mhw 2008-03-17 11:44|| 2008-03-17 11:44|| Front Page Top

#2 2 dollars a share in stock. It's stealing, They were at $84 a share on Friday but faced a run on the bank today that would a bankrupted them, so the Fed and J.P. Morgan stepped in to stop a total collapse.

Posted by Sock Puppet of Doom 2008-03-17 13:23|| 2008-03-17 13:23|| Front Page Top

#3 Six months ago they were at $150. I'm just hoping that the ~~idiots~~ management of Bear Stearns don't walk off with hefty golden parachutes.

Posted by DMFD 2008-03-17 21:55|| 2008-03-17 21:55|| Front Page Top

#4 $2 a share may be stealing - from JPMorgan - except WE are posting a $30 billion guarantee.

Posted by Glenmore">Glenmore 2008-03-17 22:41|| 2008-03-17 22:41|| Front Page Top

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