No one could have predicted: Bush is the new Hebert Hoover

[Cypress]

Well 6 months ago everything was fine according to the experts, with some chance of a slight recession . Now the worst recession since WW2. What will be the story in another 6 months ?

I never had much faith in that "restaurants are booming", and "home ownership higher than ever!" that some bush voters were propogating.

But, then again, I'm just a dirty hippie who somehow knew that Bush was unqualified to be president, that the Iraq war was going to be a mistake, and that Bush's stewardship of economic and fiscal matters was driving us towards the cliff.

 

[Cancel 2016.2]

BS closed at $30 on friday I think and JPM bought them for $2 ? Or do I have the story messed up ?
And how does that FED loan guarantee to BS thru JPM work anyway , since JPM bought them ?

Yes, that is correct.

The bailout by the Fed was through JP Morgan. Nothing should change as far as the guarantee. Which is BS.

BS just got paid back for LT Capital. buh bye now.

 

[Cancel 2016.2]

Apparently. And a third of the shares are owned by employees.

I smell litigation.

Given that a good chunk of the employees stock was in their retirement accounts... you are correct.

The employees aren't going to be the only ones though.

 

[Cancel 2016.2]

So what will the BSC's shareholders get out of this ? $2 a share ?

Pretty much... yes.

 

[uscitizen]

Yep such is the baseball card trading game.

 

[FUCK THE POLICE]

From what im hearing as of March 08 we are not at 60% anymore.. more like over 70%. we shall see

70%?

OK, that's a bit more realistic. I can see what you're saying. I thought maybe we had stabilized a bit but we're definitely going downhilll...

 

[evince]

dont you just love deregulation

 

[uscitizen]

BSC was $87+ last Wed is trading at $3 plus right now.

Yep spinner was right just a little readjustment.

can't wait to see how the nightly business report covers this tonight.