Bear Stearns Companies Inc. (BSC)
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BSC Forum Topics
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- General Discussion on BSC
- The End of U.S. Financial Domination [view article]
- Federal Reserve Asks for Wall Street Bank Stress Tests [view article]
- Corporate Fraud + Government Intervention = Bailout Nation [view article]
- Bear Stearns: Follow the Puts [view article]
- May Take Several Years for the Financials to Work Out Their Kinks [view article]
- Mothers Work: Empire Waists and Imploding Hedge Fund Stakes [view article]
- Bear Stearns Conspiracy Watch: Bloomberg Piles It On [view article]
- Options Action on Bear Stearns, Pre-Collapse: Trade of the Century, If Legal [view article]
- Humpty Stearns Can't Go Back on the Wall [view article]
- You Mean Whirling Ben Graham? [view article]
- Jimmy Cayne's Latest Own-Goal [view article]
- Setting the Record Straight: Taxpayers Not Funding JP Morgan's Bear Buyout [view article]
loading ...Recent BSC Articles
- Bear Stearns: Follow the Puts
- Humpty Stearns Can't Go Back on the Wall
- Options Action on Bear Stearns, Pre-Collapse: Trade of the Century, If Legal
- Bear Stearns Conspiracy Watch: Bloomberg Piles It On
- You Mean Whirling Ben Graham?
- Federal Reserve Asks for Wall Street Bank Stress Tests
- CDS Market Is Holding Up
- The End of U.S. Financial Domination
- Corporate Fraud + Government Intervention = Bailout Nation
- Jimmy Cayne's Latest Own-Goal
- Full List of Articles »
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Greed
The End of U.S. Financial Domination [view article]
Finally, someone calling it like it is. Unfortunately people still seem to be missing the big picture. The US government (through the Fed) has, over the last 2-3 decades, fabricated the illusion of massive American wealth. By playing on the fundamental greed of the American citizen they lulled them into a sense of complacent disinterest which allowed the government to pursue a reckless and immoral foreign policy that would otherwise have been untenable. Now, as the structure collapses, it is trying to "spin" this whole stinking cancerous system as fundamentally healthy. In a desperate attempt to convince people that the "shit don't stink" they are using every means at their disposal , from bandaid Fed intervention to CNBC media hype (manipulated by spin artists like Hank Paulson and corporate CEOs who have gotten rich on this ponsy scheme). It doesn't matter one bit. The entire US economy is a house of cards and no matter how much it is spun the "intrinsic value" of the US will eventually be reflected in the market, massive deficit and the failures of foreign adventures included.BTW, this is virtually the same strategy used by Hitler when he lulled the German people to sleep by appearing to build the economy as he consolidated power. Reply
ge
Federal Reserve Asks for Wall Street Bank Stress Tests [view article]
Per Spiegel (June 26, "The Shrinking Infuence of the US Federal Reserve"first ), the IMF is the one conducting this stress test as part of its Financial Sector Assessment Program (FSAP) of the entire US financial system (major investment banks and hedge funds included). No doubt the Fed is merely coordinating/overseein... the banks' participation in this audit. And yes, the Fed itself (for the first time) will also be required to open its own books to IMF review as a part of this.My question is this: Is this just the IMF finally getting around to a routine audit of the US system, or is its timing a sign of low confidence in that system? Reply
Corporate Fraud + Government Intervention = Bailout Nation [view article]
Mr. Quinn,I've read most of your articles on seekingalpha, and must say that your analysis is illuminating and long overdue.
However, in this article, I found the rhetoric to drown the message. Far too much blame for the housing bubble has been placed at the footsteps of the regulators, when we all know well enough that bubbles like this are mainly caused by rampant speculation of the market participants. No one forced the middle class to leverage 110% of their home's value at unbelievable prices. That was mainly due to a total disregard for what the home was actually worth. The regulators are trying to clean up this mess as they always do, but it seems this one was far larger than the last one they had to clean up in the stock market.
However, I do absolutely agree with you on the criminal nature of corporate parachutes. I've heard the argument that salary caps would discourage the very best from seeking these kind of jobs, but let me ask you this - if the very best of us are the ones that are acting in this criminal manner, then let the very worst that currently reside in our prisons take over as CEOs - I'd imagine they would do a better service to the public than the current ones who are destroying our future. Reply
Bear Stearns: Follow the Puts [view article]
so you're saying that I should look for large volume and o.i. in front month, far OTM puts in financials that are not getting the best news (like say LEH, MER, or AIG to name a few) and then follow suit? it would be hard to miss volume THAT conspicuous. I'll keep an eye out. ReplyMay Take Several Years for the Financials to Work Out Their Kinks [view article]
Amid all the write downs there are two big positives for financial's 1) the steep yield curve as you mentioned 2) pricing power for risk. The last is under-appreciated. Risk capital is now scarce and finally risk is being rewarded - and the interest the spread the banks are able to exploit will widen. These two factors will have a synergistic effect and go a long way to mitigate the loss of volume.In this environment the strongest banks (WFC, USB, JPM, SNV) will print money while the weaker ones will sink as risk capital will flow to the strongest (and safest) players.
Reply
Mothers Work: Empire Waists and Imploding Hedge Fund Stakes [view article]
This is great news! ReplyMay Take Several Years for the Financials to Work Out Their Kinks [view article]
This is great news! ReplyCountry for
26 yrs
Bear Stearns Conspiracy Watch: Bloomberg Piles It On [view article]
What a bunch of crap. You would also like us to believe that oil has retreated based on an increase in supply and less consumption. Get real! This was a setup but the bumbling SEC can't find their way out of a paper bag if you threw in a flashlight and roadmap. So don't expect them to uncover the truth. It will just shoot them in the foot and that will hurt our credibility in the financials and stock market. There will be books written about this fiasco that will bring all to light without a flashlight. ReplyOptions Action on Bear Stearns, Pre-Collapse: Trade of the Century, If Legal [view article]
good article ReplyBear Stearns: Follow the Puts [view article]
Why does the put option activity directly mean that these traders were rogue speculators who were intent on bankrupting the company--is there no good reason to buy short-dated deeply OTM puts? Such a trade would have been a very useful hedge to protect your downside if you were selling puts at a higher strike price, or if you were long Bear stock and wanted bankruptcy protection in light of the events of that week. So get over it--Bear did not collapse because of evil speculators, but because of the vast deterioration in its credit fundamentals. ReplyBear Stearns Conspiracy Watch: Bloomberg Piles It On [view article]
So my buying 'puts' puts me into league with those nasty evil 'speculators' does it? Kind of like when I go and sell some stock befor a major stock price dump makes me an 'inside trader'? Replyrver
Bear Stearns: Follow the Puts [view article]
This will turn out to be a much bigger story and will benefit BSC shareholders when much of the shortsellers and put buyers gains are returned to the shareholders. ReplyThe End of U.S. Financial Domination [view article]
dlaw you're on old fool, it seems. Suggest you pick up a copy of this book, which directly, compellingly and comprehensively refutes, well, pretty much everything you just said:Fiat Paper Money, The History and Evolution of Our Currency
by Ralph T. Foster
I'd also suggest that, rather than reading mythology published by the Fed for its own benefit, you take a look at what independent analysts think about the subject. You could start with:
The Case Against the Fed
by Murray Rothbard
Finally, you are completely confused on one more point. You keep insisting that this was a 'market failure', which basically means the free market failed, and thus we need government to 'fix' it. But we do not have a free market. As a matter of fact, unbeknownst to 99% of Americans, America is not even a capitalist system - it's a corporatist system (i.e. a merging of govt and corporations which benefits both at citizen expense), and rather than a free market, we have a heavily subsidized and regulated MIXED market. So this has not been a free market failure - it's been, largely, a government failure and a Fed failure. If you cannot grasp this, despite the logic, fact and evidence in the resources to which I have pointed you, then you are a bigger fool than even your misguided post indicates. Reply
Humpty Stearns Can't Go Back on the Wall [view article]
Bear Stearns probably had management that graduated from the same schools as AIG, AXP, BAC, C, JPM, and a host of others. One shudders when one considers the magnitude of incompetence in the financial sector. ReplyHumpty Stearns Can't Go Back on the Wall [view article]
Good article. Reply