"This is no time to be an academic!"

[StateBoiler]

Jim Cramer loses it...more than usual.

Apparently he's upset that Bernanke won't bail out his Wall Street buddies.

http://www.itulip.com/forums/showthread.php?t=1726

[angus]

that dude is Sam Kineson minus the long hair and the sense of humor.  MSNBC had him on a regular show alongside some Wall Street Journal type.  That lasted about a month.  Now he does this financial advice segment apparently for people with attention deficit disorder.  On one of those channels in the high-60s, somewhere between BET and CMT.  He has all these gadgets and sound effects buttons and bobbing head dolls lying about.  I think he should get a talk radio show with Brian and Stewie when his next contract comes up.  If he doesn't keel over from acute myocardial failure.

[StateBoiler]

http://thehousingbubbleblog.com/?p=3206

Read the New York Times and Dow Jones excerpts in the post.

[Small Business Owner of Any Repute]

I think he should get a talk radio show with Brian and Stewie when his next contract comes up.

He already has an incredibly successful radio show, actually.

[StateBoiler]

http://www.moneyweek.com/file/31699/subprime-mortgage-collapse-why-bear-stearns-is-just-the-start.html

[Small Business Owner of Any Repute]

http://www.moneyweek.com/file/31699/subprime-mortgage-collapse-why-bear-stearns-is-just-the-start.html

No offense, but I'm getting pretty sick of all this "sky is falling" crap I keep hearing about the housing market.

I mean, seriously, the sky has been falling for, what, four years now?

[StateBoiler]

http://www.moneyweek.com/file/31699/subprime-mortgage-collapse-why-bear-stearns-is-just-the-start.html

No offense, but I'm getting pretty sick of all this "sky is falling" crap I keep hearing about the housing market.

I mean, seriously, the sky has been falling for, what, four years now?

About a year actually.

It's just been since spring though that big money realized they were going to lose money.

[MODU]

This is going to be the problem.  Many subprime mortgage lenders will feel a bite when foreclosure rates increase, but it isn't to say that they hadn't already planned for this.  However, that doesn't mean it will be a crash in the housing market simply due to subprime loans.  There are many which are making their payments and/or restructuring.  It will come down to money management by both individual home owners and the lenders.  This goes back to living within your means, and not buying a house that costs an additional $200K simply because you can get a loan for it.

[Undisguised Sockpuppet]

Hahahaha! BRTD's dream come true! The death of suburbia. Peak oil will turn suburbs into slums.

[StateBoiler]

Blast from the Past...

The company that started this topic was bailed out this past Friday, precipitating a fall of almost 50% in its stock value, and will probably cease to exist this coming week, either bought by J.P. Morgan or J.C Flowers, or if there are no buyers, most likely bankruptcy.

[Sensei]

Blast from the Past...

The company that started this topic was bailed out this past Friday, precipitating a fall of almost 50% in its stock value, and will probably cease to exist this coming week, either bought by J.P. Morgan or J.C Flowers, or if there are no buyers, most likely bankruptcy.

JP Morgan has agreed to acquire the company for $2 per share

[StateBoiler]

Blast from the Past...

The company that started this topic was bailed out this past Friday, precipitating a fall of almost 50% in its stock value, and will probably cease to exist this coming week, either bought by J.P. Morgan or J.C Flowers, or if there are no buyers, most likely bankruptcy.

JP Morgan has agreed to acquire the company for $2 per share

It was worth $57 on Thursday, and a year ago was worth $150.

[Smash255]

Interesting if this will impact my job in anyway, at least from the sources we use.  Bear Stearns is one of our pricing sources.

[Person Man]

Hahahaha! BRTD's dream come true! The death of suburbia. Peak oil will turn suburbs into slums.

[MODU]

Blast from the Past...

The company that started this topic was bailed out this past Friday, precipitating a fall of almost 50% in its stock value, and will probably cease to exist this coming week, either bought by J.P. Morgan or J.C Flowers, or if there are no buyers, most likely bankruptcy.

JP Morgan has agreed to acquire the company for $2 per share

It was worth $57 on Thursday, and a year ago was worth $150.

Yeah.  I wish I had shorted that stock.