meazza

Why? Do a good job for a while and then take 100 Million severance package when you get fired as per the ex-ceo of Merril Lynch (can't remember his name).

to we're looking for a better offer and the price jumped 67% on Tuesday due to speculation

Maybe. I enjoy analyzing this though. It's what I'd eventually like to do for a living.

The average person picks up a newspaper and has the numbers flashed in their face over and over. They don't necessarily understand what most of it means, but they see the big numbers with negatives next to them and they start panicking. A close friend of mine just told me that he bought mutual funds. My advice was to stay away unless you knew 100% what you were getting into. He told me the salesman told him that the funds he was buying were affected by the US market. How in God's name can you find a fund that doesn't have some sort of link to the US market mess that is going on at the moment?

Probably very few, but the reaction to the market actually creates more of a recession than anything. But regardless, most people just look at the main headline and don't understand anything. It only takes a + next to the dow to make them thing all is good again.

When the subprime fallout was announced back in August, every part of the world was hit. For example, 5 out of 6 of Canada's major chartered banks were hit due to holding asset backed commercial paper tied to loans linked to the US. This on its own caused the ABCP market to be frozen at a value of about 30 B. Now this did affect other people outside of the main management of each bank including the bank i work for (brokerage arm) as i know a lot of people who lost their that don't even know what commercial paper or subprime loans are. Now considering the bank I work for employs close to 20 000 people, and it has affected us in a big way without even being a company that deals directly with subprime loans, imagine another major crash as GG mentioned before. In the end though, these loans will not be recoverable, Bear Sterns will still be sold for scraps but at least it is done gradually to keep investors from totally going into a panic. There is almost so much the central bank can do.

JPM states that one big reason they decided to make the move is to take over Bear Sterns prime brokerage services but wouldn't these clients just leave and go on to a more secure investment bank?

It's nothing new. A similar thing happened to one of Carlyle groups funds. Not enough cash to cover short term obligations as counterparties demanded more collateral.

In your opinion, do you think theses events can be avoided? It always seems to be the same thing, big firms take on massive amounts of leverage, and then when lenders begin to demand more collateral after a crisis, it sparks a fire sale of assets. It happened similarly to Long Term Capital Management about a decade ago.

Yes but isn't it already too late? Seems as if the markets already took a big hit as it is as confidence seems to be at an all time low. Even though Bear didn't go bankrupt, they lost almost 50$ a share in the last two weeks.

You're right, now all these firms are going to take on even more amounts of risk because they know the Fed will bail them out. Actually what am I talking about? What bail out, Bear Sterns just got ruined. Oh well, being in Canada and all it will only affect me in a couple of months.

http://online.wsj.com/article/SB1205745619...pecial_coverage Looks like there could be more to come...

http://online.wsj.com/article/SB1205695986...pecial_coverage wow

And what if a left winger thinks you're an idiot, are you still doing something right?

I think you misunderstood

Happy Birthday

I don't know much about the area but is that the most populated place in Virginia? My guess would be yes. If this guy had a mission, chances are he would have went through with it whether it be a school or another populated area. An example would be this guy, http://en.wikipedia.org/wiki/Kimveer_Gill. He had plans to shoot up to 6 schools. He chose that one because it was one of the most populated, and if his plan failed, there was a mall right next to it (where the old forum was) and had plenty of targets. Luckily in this case, the police were already in the area arresting some junkies and shot him before it got out of hand. There is no way you could prevent this kind of thing from happening IMHO.

Yet your country is still full of sh-- I don't mean the whole country, but Paris has gone down the shithole. I know plenty of people who are from there, in fact, my brothers boss lives in France and comes to Canada to check on his businesses. Obviously, if you are wealthy, you are shielded from it, but overall, France isn't the nicest place to live. Unless you live in Monaco

I study senshido, which is a new form of situational self-defense. It combines street fighting and other forms of martial arts, but I do it mostly to stay in shape since I'm a fat bastard. Well Montreal isn't exactly the most violent of places. I feel pretty comfortable going pretty much anywhere especially since I live in a mostly Italien neighborhood, but most of the violence comes from Haitien gang related violence and bikers. The only real form of crime that my family experienced was, once my pregnant sister n law was walking out of a store, when a guy pulled out of nowhere a knife to her belly. She nervously gave her his money and he left.

True. The information is there because people want to see it. As long as there are people buying it, they will continue to sell it. Morals be damned.

Have you ever been in a situation where your life is in danger? Obviously it is very difficult to think or act rationally in this kind of situation. Everything happens too fast, do you really think the average person will act rationally in this situation and actually take out the right target?

Obviously. It's easy using a gun when there is no pressure. Same thing as learning a martial art. Great for when you're in the ring, or in a controlled environment, but confront someone when your life is in danger and that all goes out the window. Of course, if you've been through training for let's say, the military, then it's a different story.

Because what it does is shows any other freak that if they want to get a message across, this is the way.

Thank you o spelling master

It's a demo. He'll sort out the bugs soon enough.