cnbc’s Jim Cramer screams that “Bear Stearns is fine!” and “NO! NO! NO!” … “Bear Stearns is not in trouble” … “Don’t move your money from Bear! That’s just silly! Don’t be silly!” to investors while Bear Stearns was still trading at over $60 a ahare, down from a high of $171 just over a year ago ( dealbook.blogs.nytimes.com ). This just 5 days before Bear Stearns sold to JP Morgan for $2 a share, in a Fed brokered bailout. Reuters (03.16.08): “Bear’s stock closed on Friday at $30.85, valuing it at $3.5 billion, after tumbling 46 percent that day. Shares in the fifth largest US investment bank, which employs more than 14000 people, hit a record high of more than $171 in January 2007. …” www.forbes.com
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Archive for the ‘ News ’ Category
Saturday, July 10th, 2010
politiclips asked:
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Thursday, June 3rd, 2010
Sunday, March 21st, 2010
donharrold asked:
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www.donharrold.net How can it be that Bear Stearns Hedge Fund guys are going to JAIL for their misdeeds, but, Jim Cramer gets away with THIS?
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Friday, March 19th, 2010
peace0be asked:
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Mad Money host Jim Cramer makes a passionate plea to Federal Reserve Chairman Ben Bernanke to consider cutting interest rates and, in turn, help the market and the people who are losing their jobs on Wall Street. — Check out these sites, if you have time on your hand… dprogram.net http nw0.info dutch hetechtenieuws.be http www.onderbewustzijn.be
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