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Old 03-23-2008, 01:39 PM
jaro g.'s Avatar
jaro g. jaro g. is offline
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Join Date: Mar 2008
Location: munich, germany
Posts: 113
Default bear stearns 'rescue'

hi david,

i don't know if you will post any additional videos on the bear stearns (BS) issue, but i have one question (maybe similar to that of Daveextra on youtube.com .

i have read many times that the fed + jp morgan bailed out / rescued / etc. BS ...

but is it really a rescue when the shareholders got just 2 USD per share? is it for the shareholders of BS not better to see their company go bankrupt and get the fair value for remaining BS assets? you've told in one of your BS-videos that just the single building (BS headquarters in NY) is worth four-times the take-over price paid by jp morgan ... and that building is for sure not the one and only BS asset, is it?

why did the BS shareholder accepted that strange take-over? the other recent examples microsoft/yahoo, google/you tube, bhp billiton /rio tinto, ... seems to 'work' different way, don't they?

it looks like a big big fraud (BBF) for me and i'm so sorry for the poor BS shareholders (+ employees).

thanX + greetings from rainy munich,
jaro
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