Fed acts Sunday to prevent global bank run Monday ( Bear Stearns Taken over,...rates cut )

MarketWatch ^ | 9:40 p.m. EDT March 16, 2008 | Rex Nutting, MarketWatch

[Travis McGee]

Yep, they’re going to try to monetize all of the bad debts.

IOW, put it on our grandkids’ tab.

[nicmarlo]

Symbol	  Name	            Last Trade        Info
BSC   BEAR STEARNS COS THE  3.59 12:05PM ET   Down 26.41   (88.03%)   96,025,605	
LEH   LEHMAN BROS HLD      28.43 12:05PM ET   Down 10.83   (27.59%)   88,697,355	
C     CITIGROUP INC        18.39 12:05PM ET   Down 1.39    (7.03%)    86,646,799	
JPM   JP MORGAN CHASE CO   39.63 12:05PM ET   Up 3.09      (8.46%)    64,241,753	

[nicmarlo]

Their policies are insane.

[Content Provider]

I wonder why?

[nicmarlo]

12:25 pm : The major indices are posting steep losses. The
S&P 500 and the Nasdaq have fallen to fresh session lows.
Seven of the ten sectors are posting a loss of more than 1%.

http://finance.yahoo.com/marketupdate?u

[nicmarlo]

[Petronski]

Don’t forget the rabbits with big nasty teeth.

[NaughtiusMaximus]

Watch out for all those stockbrokers in their three-piece suits jumping out of the skyscrapers, the bums & hobos panhandling, and all the out-of-work men in the soup lines. Hey! Maybe we can get on with the CCC for $1.00 a day!We'll do really well in the CCC, even at $1.00 a day, as long as we can control the floating crap games. :)

[DuncanWaring]

Looks like you were off by about five points.

[garbanzo]

I meant to say the Dow would close up by *at least* ten points... :)

[DuncanWaring]

Well then, I guess you were dead-on.

Congratulations on becoming my new financial advisor. ;-)

[DWC]

Sorry I’m late. What fell?

[AndyJackson]

The sky (joke). Certainly the ceiling on the house of BSC.

[DWC]

I think two bucks is rather cheap for bear sterns. Maybe people were talking about the Japanese exchange,instead of the djia. I’m referring to the sky falling.