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Bear Stearns gets a bailout - Click HERE for Original Thread

GOT BOOST
Interesting read.

http://www.reportonbusiness.com/ser...y/Business/home

Mike

JeepGirl
So the Fed just keeps printing money to bail out their economy/banks? SHWEET!!! I need one in my backyard!

How long till they go full tilt into recession?

onestepback
Their stock dropped $27 today, or roughly 50%.

GOT BOOST
quote:
Originally posted by onestepback
Their stock dropped $27 today, or roughly 50%.


The stock dropped about 50% 30 minutes after the markets opened.

It floated between -30 to -50% down all day.

Jeep girl,

No confirmed signs of a recession yet. A few indicators, but nothing solid.

Mike

ozzmodan
quote:
Originally posted by GOT BOOST

No confirmed signs of a recession yet. A few indicators, but nothing solid.



It may be yet to be confirmed, but it'll definately be a recession. The best the U.S. can hope for is that it'll just be a moderate recession. That seems unlikely though.

GOT BOOST
quote:
Originally posted by ozzmodan
It may be yet to be confirmed, but it'll definately be a recession. The best the U.S. can hope for is that it'll just be a moderate recession. That seems unlikely though.


There is still some stuff that can be done to prevent one, or at least make it not as bad.

Mike




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