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Richard Sachs Cycles

Why am I not surprised?

Heard on the Street – WSJ.com Some Traders Win Big Harbinger, Greenlight, Tremblant Profited By Betting Against Bear By GREGORY ZUCKERMAN, JENNY STRASBURG and TOM MCGINTY March 20, 2008

The collapse of Bear Stearns Cos. dealt a severe blow to investors, from big names like billionaire Joseph Lewis to thousands of employees of the brokerage [...]

March 20th, 2008 | Tags: , , , , , , , | Category: Current Events | Comments are closed

Rescue Me

Rescue Me: A Fed Bailout Crosses a Line

WHAT are the consequences of a world in which regulators rescue even the financial institutions whose recklessness and greed helped create the titanic credit mess we are in? Will the consequences be an even weaker currency, rampant inflation, a continuation of the slow bleed that we have [...]

March 17th, 2008 | Tags: , , , , , , , , , , , , , , , , , , , | Category: Current Events | 2 comments - (Comments are closed)

Bear Stearns Buy-Out

JPMorgan Acts to Buy Ailing Bear Stearns at Huge Discount – New York Times March 16, 2008 By ANDREW ROSS SORKIN and LANDON THOMAS Jr.

Bear Stearns, pushed to the brink of bankruptcy by what amounted to a run on the bank, agreed late Sunday to sell itself to JPMorgan Chase for a mere $2 [...]

March 17th, 2008 | Tags: , , , , , , , , , , , , , , , , , | Category: Current Events, Depression | Comments are closed

More Bear Woes

Wall Street Ponders Extent Of the Woes At Other Firms By SERENA NG and JENNY STRASBURG March 15, 2008

Behind the swift decline of Bear Stearns Cos. is a deepening worry on Wall Street that some financial institutions might not be able to make good on their commitments.

Such angst about the health of an [...]

March 15th, 2008 | Tags: , , , , , , , , , , , , , , , , , , , , | Category: Current Events | Comments are closed

Bear Stearns

Bear Stearns to Get Backing From J.P. Morgan, N.Y. Fed – WSJ.com Firm’s Shares Sink Amid Liquidity Fears By KEVIN KINGSBURY, ANDREW DOWELL and SERENA NG March 14, 2008 1:22 p.m.

NEW YORK — In a dramatic move Friday, JPMorgan Chase Co. and the Federal Reserve Bank of New York stepped in with emergency funds [...]

March 14th, 2008 | Tags: , , , , , , , , , , , , , , , , , , , , , | Category: Current Events | Comments are closed
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