On Apr 7, 2:09 am, "FrediFizzx" <fredifi...@[EMAIL PROTECTED]
> wrote:
> "Lubow" <dynamitem...@[EMAIL PROTECTED]
> wrote in message
>
>
news:cddd63ed-bdc1-4334-a3e3-f561de9e9091@[EMAIL PROTECTED]
>
>
>
> > On Apr 7, 2:15 am, "FrediFizzx" <fredifi...@[EMAIL PROTECTED]
> wrote:
>
> >> That includes up to 4 unit residential properties so has some
> >> commercial
> >> residential mixed in with it. But even at 2 percent of total
> >> mortgages
> >> it is not a big deal. Now, if it was 4 to 5 percent then we are in
> >> some
> >> trouble. ;-)
>
> > Did someone say, "big deal?" I dunno, Fred.
>
> > Bear Stearns was only six years old when the 1929 Stock Market Crash
> > struck down many strong firms. Bear weathered the Hoover Crash, the
> > Great Depression, the Reagan crash, the Eisenhower recession, the ten
> > year Watergate bear market, two Bush recessions and the S&L Crisis.
> > This no-big-deal mortgage crisis, as you put it, was just too much
> > for this gutsy little brokerage that outlasted such powerhouses like
> > Blythe Eastman Dillon, Loeb Rhodes, Kuhn Loeb, Shearson Hamill,
> > Francis DuPont (owned by Ross P*****), Edwards & Hanley, Bache,
> > Hornblower & Weeks, Cohen Simonson & Rea, and E.F. Hutton to name a
> > few.
>
> > Now I'm hearing the talking heads on CNBC speak of a "mild
> > recession." When Wall Streeters tell us of a "mild problem," you know
> > there's more trouble ahead.
>
> I'm sure you know that the Bear Stearns problem was more of a lack of
> trust issue and not really due all to the subprime slime. No one would
> deal with them except for JPM. As far as I am concerned, JPM is going
> to make out like a bandit on that deal for the long haul. What can I
> say? Bear Stearns finally screwed up big time and no one wanted to deal
> with them any longer. It happens all the time. It is not the mortgage
> defaults that is the problem; it is how they got packaged and sold.
> Thus we have the lack of trust issues plaguing us. I agree that that
> will still be continuing.
>
> Yep, the media probably was successful into talking us into a recession
> that really wasn't necessary. Those BASTARDS! ;-) Well, business is
> good out here on the West Coast so is not affecting us much. Dang
> freeway traffic is just as much as ever if not more. Guess we don't
> give a hoot about higher gas prices out here. Good luck with the
> "recession" on your end.
>
> Fred
and that my friends is the way freddie likes to leave. after shooting
off his mouth, not showing us a thing but his own opinions which are
not rooted in fact, and when he becomes confused with facts he oughta
here.
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