On Tue, 18 Mar 2008 04:35:42 GMT, "Tom Gardner"
wrote:


"Too_Many_Tools" wrote in message
...

LOL...Good to hear times are good with you...you are an
exception...that is if times are actually good.

Times were good at Bear Stearns last week...not so good today.

A dose of reality might help correct your mispreception of what is
really going on.

If you feel lucky maybe you might want to use all your worthless money
to buy some of Bear Stearns.

TMT

I have no misconceptions, you should examine yours. Bear Stearns is/was a house
of cards.

Not exactly a house of cards..One of the biggest business
underwriters in the world.

Their losses from the two hedge funds that went under triggering the
subprime crisis were more than offset by other units
within their operations but to no avail..

It was the CREDIT CRUNCH that did them in---not subprime paper. It
was the subprime that set off the credit crunch..






Were these guys one of your customers?

http://new.savannahnow.com/node/424634

ED





Volumes will be written about this period and lessons will be
learned. But, it's not the end of the world. Sorry for you to hear but EVERY
one I know in business (it seems almost all of my friends are in business) is
going gang-busters! It could be that we all have the same value system and have
built our businesses on solid foundations and not "get rich quick" schemes. Can
Bear Sterns say the same? Why do you think the housing market/sub-prime bubble
was unsustainable? Gee, who didn't see THAT coming?