Comments on: JPMorgan Agrees To Buy Bear Stearns

Despite Deal, Asian Markets Falter In Response To U.S. Financial Insecurities

[nothappyatall]

JP Morgan''s founder, the namesake of the company is probably the most original crook of all, the man was involved in the banking schemes back in the 20''s and earlier which eventually calused the crash of ''29 and the creation of this Federal Reserve Bank, if you watch that segment in the zeitgeistmovie.com film (clips are also on youtube) you will learn how/why the US was taken off the gold standard on paper money, what caused the panic of 1907, why the FRB was created- WHO was involved, why, how the crash happened, how those 10% down stock schemes worked-WHO created the idea and how all of that is poised to repeat itself today.

AND with the same company involved in this massive takeover for 2 cents on the dollar Id be on the lookout for things to go downhill from here towards another depression type crash.
One parallel between then and now is WAR, there was WW1 which the country didnt want anything to do with but were forced into it, then WW2, then Vietnam which started on a false pretext- the bay of tonkin incident that now we learned never happened but which was used to get us into the war, now we are embroiled in Iraq & Afghanistan to the tune of $14 billion a MONTH, think about where the MONEY goes and who stands to rake in billions the longer it continues, then you can see why theres no urgent push to get out or remove troops.
Skumbag corps like morgan, enron, blackwater etc gain

[nothappyatall]

...but more and more services come out on Internet focusing on this kind of relationship, such as
DATING-SITE-SPAMMER-REPORTED-TO-CBS.com . how do you think of such a thing?

Posted by liu_justice"

Gee, I think you are a SPAMMER for your dating site that has virus'' that could damage PC user''s computers with spyware and adware if they go to it, therefor it is reported to CBS

[brianbwb-2009]

An article in the London Times last week quoted the CEO of Bear Stearns as saying that B.S. (how apropos the initials) had over 12 Billion as a liquidity cushion.

This was in response to speculation by the Brits that a major US bank was about to collapse, and the most likely candidate was Bear Stearns.

B.S. is selling B.S., and now JP Morgan is buying it.

All you stockholders of either stock had better have some KY jelly handy.

[incog-nito]

Nothing more than a blatant ripoff of BSC shareholders. Modern day robber barons.

[nothappyatall]

"An interesting factoid; Some dont but most very wealthy pay off their cards and pay no interst"

They probably have cards that are below 10% cause they DO have money and good scores.

"Many do not care about interest charged - they dont plan to have to pay it."

Bankruptcy is no longer a viable option for most people like it WAS, now you could be locked into repaying it over 5 years instead of all wiped out.

"Last year Chase, Citi, HSBC"

I HATE Household Bank Card, told them to shove their card a few years ago after they called me with sales offers at dinner time when I previously stated I wanted NO calls- ever.


"There is a big market for prepaid cards wit"

You must mean the pre-approved cards with the paltry $300 limit or requiring a deposit, and having annual fees etc that pretty much start you out with about 1/3 of the limit there.
I get the offers, I tear them up, I have ONE card, Washington Mutual/PayPal with a $6500 line, been good to me.

"How about a card with over $79 monthly maintenance fee?"

If I got one of those I''d laugh in their faces and send their application back in pieces in their pre-paid envelope

[nothappyatall]

I think you hit the nail on the head.
How does one "stay there".

Its much easier when you dont have a mortgage OR rent to deal with, I dont, but most people DO- they are the ones who are at the bottom of the titanic when their job goes away. Most people are one or two paychecks away from disaster, especially if their cards are maxed out! the same people are maybe 2 or 3 mortgage payments away from foreclosure- it snw balls- no job, no income, no mortgage payments, no house or telephone with which to accept calls for potential job interviews.

"Think about people who wanted the 0% intro interest rate credit cards to refinance their old card and live on."

Yes, and those cards will be harder to get now, and you cant keep robbing peter to pay paul- if you pay the minimum payments this is bad for your FICO credit score too- you must pay MORE than the minimum, if only $10. My statement on line shows a default graph of how many payments are minimum, over the minimum, late, no payment due etc My FICO score is near 800- I NEVER pay just the minimum.

[gce65]

Nothing says RUN ON THE BANKS like a $2 per share buyout (that was worth what, about $160 six weeks ago?)...except that it was done in emergency around-the-clock meetings over the weekend by people at the highest levels of banking and govt finance.

I SMELL FEAR! I SMELL A MONDAY MORNING RUN ON BANKS!

[Latrocinor]

"These are NOT pre-paid cards."

I meant to write

"These are not the pre-pay deposits."

Duh!

[Latrocinor]

See, Im smarter than that, I made SURE my mortgage was fixed rate with NO penalty for prepayment, then I paid it off in 6 years with double payments- the extra put on the prin. THAT my friend is how you buy a HOUSE and more importantly- how you STAY there thru think or thin.
-------------
I think you hit the nail on the head.

How does one "stay there".

Think about people who wanted the 0% intro interest rate credit cards to refinance their old card and live on.

An interesting factoid; Some don''t but most very wealthy pay off their cards and pay no interst.

Many do not care about interest charged - they don''t plan to have to pay it.

Last year Chase, Citi, HSBC and other card issuers voided account terms that existed for decades and raised the card interest rates, some to default rates.

Also some cards were outright canceled and applications mailed to the owners so they could reapply for new cards with not very kind terms and conditions.

There is a big market for prepaid cards with big establishment fees that, in some cases, exceed the card amount. These are NOT pre-paid cards.

Imagine a person getting a $250 dollar Visa or Master Card and paying $250.00 in account opening fees.

How about a card with over $79 monthly maintenance fee?

The the little guy is guilty too.

[nothappyatall]

I apologize, I did read into it. Good call.
Posted by bhoogren"

APology accepted bhoogren, thanks