[[BSC]] going out for 2 bucks per share? Whores from the Bronx go for more.
As a result, ALL banks have to marked down considerably. Monday may be the worst trading day in years. Unless of course, the great bearded one comes swooping down in his gunship.
UPDATE: Gold is soaring, more than $23 an ounce.
ROFL UPDATE: The Fed just cut rates. On a fucking Sunday evening, mind you. Nothing screams panic more than a Sunday evening rate cut.
SPECIAL DENNIS KNEALE UPDATE: Bear Sterns [sic] shareholders, fear not of losing money. You only lose money when you sell. If you do not sell, you will not lose money. Plus, what’s the big deal? BSC represents like 0.00000000000009% of the market. Nothing to see here folks. Long optimism!
Fly UPDATE: Fuck a horse, Dennis Kneale.
$2 per share questions: I wonder how the negotiations went? I mean, I’m sure the BSC fuckers thought they’d fetch more than $2 per share. I bet the [[JPM]] players were like: “yo, check this out, son. I’ll give you 2 dolla’s for your company. Take it or leave it.”
Naturally, the BSC nerds were like, “come on guys, we need more. Our wives will leave us, for making a mockery of ourselves. How about where it closed on Friday—$30, please?
As you can imagine, the JPM ballers were like “what the fuck did you say to me, fool? Don’t make me jump over this conference table and cold smack you with the “qwerty” buttons of my blackberry. All we gots for you is 2 dolla’s, in stock that is. No cash.”
In my head, that’s how the JPM-BSC negotiations went.
Time Machine UPDATE: Sift through the iBC commentary of BSC, over the past few months. Quite accurate.Comments »