Bear Stearns and the 2008 financial crisis recalled

[zdreg]

https://www.marketplace.org/2018/03/12/how-jpmorgans-purchase-bear-stearns-looks-10-years-later/
https://www.marketplace.org/collection/divided-decade/
What are the similarities and differences between then and now?

 

[Covertibility]

https://twitter.com/x/status/1636448934099918855

I saw this and remembered :



Lehman to Survive But Make Little Money: Bove


“They’re going to survive” but not make a lot of money, Bove said.

....They “will be scraping around at very low earnings levels for the next several years,” Bove said.


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No idea what happens

 

[RedDuke]

I doubt it would be this easy and all peach and roses from now.

 

[countryBoy641]

https://www.marketplace.org/2018/03/12/how-jpmorgans-purchase-bear-stearns-looks-10-years-later/
https://www.marketplace.org/collection/divided-decade/
What are the similarities and differences between then and now?

The "liar loans" were real back then.
Haven't heard of any of that stuff recently.

I had worked at many B\Ds,
including both Bear Stearns and Credit Swisse (Madison Ave &24thSt.)
When Bear went out, it was high single digits.
Credit Swisse can't even manage that.
Called "Single Digit Midgits".
Anybody who thinks the folks at BDs know what is going on, think again.
Anybody who thinks the FED knows what is going on, resume your MEDs tomorrow.

 

[murray t turtle]

The "liar loans" were real back then.
Haven't heard of any of that stuff recently.

I had worked at many B\Ds, including both Bear Stearns and Credit Swisse.
When Bear went out, it was high single digits.
Credit Swisse can't even manage that.
Called "Single Digit Midgits".
Anybody who thinks the folks at BDs know what is going on, think again.

%%
I got a home refinance from WFC, before 2009 , but they asked for proof of my income, US tax forms; + another signed form to see what the forms i actually sent in to IRS=no problem.
SVB did a lost of things right; but also more stupid stuff like $75 gift million to BLM.....Is that some sort of stupid waste or protection bribe?? Dont know.
SVB had 55% in fixed income[gov bonds] compared to industry average of 24%
SVB had 7% assets in cash compared to 13% industry average. MARCH 14 ,Fortune.com
Ray Dallo,Bridgewater, told Jack schwager he was surprised @ how the market rose, when the Fed helped out during the old Mexican crisis.......

 

[The_Krakenite]

SVB did a lost of things right; but also more stupid stuff like $75 gift million to BLM....

It's called Wokenomics. The new paradigm. You just don't understand how woke policy works.

FTX is a good example...oh-wait!

 

[murray t turtle]

It's called Wokenomics. The new paradigm. You just don't understand how woke policy works.

FTX is a good example...oh-wait!

%%
LOL
Dont tell to many people\ BLK has many millions in black gold/TX Tea companies.
But BLK doesnt seem as honest as Norges Bank[Norway Bank State Oil Investment Fund;
UNCLEAR whether diversity on the board improves performance''-Norges Bank quote]
Looks like the Feds may fry s Bankman[aka SBF] Fried on money laundering..........;
whats with all S + B finance failures??. Not a prediction;
but God bless the oil companies, black oil + black guns matter