Top 1%
I'm specifically excited about JP buying Bear Sterns for nothing.. seems like they bought a once 150 billion dollars for nor more than 6 billion in debts that will have to be paid. think that JP cancled it's contract to rent office space in the new WTC.. because they inherited from the deal a fully owned sky scraper on Madison ave.. dudue - that should be worth billions alone. Add to that that JP has a partner in the deal, the US federal reserve, no less that guaranteed 20 billion dollars worth of the original debt. Without digging into the microlevel it seems to me that when the dust settles, a couple of years from now, JP could turn out to be the big winner of the 2008 meltdown..
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Top 7%
SunTzu
Mar 20 at 7:26 ET
He will win who knows when to fight and when not to fight.
-Sun Tzu, the Art of War
Sorry but I'm still bearish on the financial sector, and alto its looks like JP can be a winner, the all sector is still in trouble.
And if the all sector is going down eventually JP will follow. that's my view.
Top 51%
EitanShay
Mar 20 at 10:04 ET
i have to second SunTzu...
despite the fact the JPM got a steal from the government
Top 1%
guliamo
Mar 21 at 7:19 ET
Looking 2 years into the future, don't you think JPM could reap great benefits from this steal? JP Morgan isn't invested in the sub-prime fiasco so I don't see them going under and , if anything, increasing market share. Getting the government to back the deal has got to mean more subliminal profits plus, they were just about the only ones able to make the deal, so it must have been sweet.. I don't like the sector either but I'm biting my nails on this one..