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Geez. Guys, BSC play is soooo over. In fact, US play might be over. There should be foreign banks in this mess. Maybe we should guess that direction instead.

Congratulation. Just for once, retail investor are making money off IBs.

Joseph Lewis?

As much as people speculating Lehman's situation, I don't think Lehman is that bad. Their CEO take a huge bonus last year while BSC has no bonus. If Lehman ends up like BSC, I imagine SEC will gun for Lehman's CEO. He wouldn't be that stupid.

http://news.yahoo.com/s/ap/jpmorgan_bear_stearns $2 a share buyout by JP Chase. I am not sure those $2 is out of pity or just for formality.

Thanks for the link!

I hope there is a way to not evading tax, but minimize it. At least, defer as much as possible and pay mostly in capital gain. Discuss how to minimize tax is totally valid since it is part of the cost of doing business. No one said you should cheat.

Yupe, I need to find one of those..:) With all the bailout and Democrats coming in, taxpayer will get stuck with lots of bill. They can't really stick it to US companies because jobs will go away. Our payment will come in terms of either higher tax or higher inflation. Protect yourself...

I happen to have trusted foreign relatives, but if you don't, groups of US relatives should do the trick too. What kind of tax code you are talking about? I am not consider little deduction here and there. Let's use an example, if you have 2mil outside of US earning 7%, turn it from...

Or maybe layer corporations? Corp A, you 49% and your partner is 51% Corp B, you 49% and Corp A is 51% Then, your trusted foreign partner or groups of US partners didn't need to put up a lot of capital. I have the same problem with foreign investment. I am going to take a hit next...

Good point, that means you will need partners..:)

Someone already said it. Form a company where you can invest and not get charge for company earning. If your company back invest in US again, it will have to pay corporate tax as a foreign entity. Anything pay out from the company to you will be taxed at income tax, but you should be able...

lol, I don't think they hear it. They saw the underside of the train after they get run over. see... he admits that he doesn't know what is going on...:)

S&P also just downgrade BSC's rating 3 level down. http://www.bloomberg.com/apps/news?pid=20601087&sid=aZgjNjPwmwGQ&refer=home Looks like they don't know what the heck they are doing. Yea, trust me. My rating is golden. You know, I need this downgrade BEFORE, not AFTER today. ...

In that case, open multiple accounts with different big FDIC insured banks. FDIC insured $100k for each person in each bank. If that is too cumbersome, somehow I think HSBC is quite safe given that they blew the whistle first and they are also the 1st one to take SIV in and write them down.

Amen to that.

Do Rappers still make those *blink* *blink* Music Video. Forget bentley, Crystal and Ice. Hire one or two seven-diamond class emperor girls and that should outshine any other rappers...:) $30000 a night! Better yet. Instead of flashing your Euro. Flash your emperor membership card! lol

If it comes to that, you should be happy that foreigners will put a price floor on US asset. If you don't have that, guess what, welcome IMF, we will be borrowing in Yen, Yuan and Euro. 1st step to really default as a nation.

Exactly. The stimulus plan is bad already. Now this. Let the economic go into recession. Speculators need to be punished.

Bottom line, no growth in the future for US domestic consumption. Who will invest in a no-growth entity? (unless US$ depreciate a lot) US still have exporters that will growth with the world. As they say, if you hang around long enough, it comes back full circle. US will depends on...