Nobody else destroyed Bear Stearns. They destroyed themselves by issuing massive mortgage debt to people who couldn't pay.
Someone here turned me on to Creature from Jekyll Island, and I will be forever grateful. One of the best reads ever! Completely altered my attitude about the matrix.
lt, I'm loaded to the gills with $7.50 calls and $2.50 puts. I closed 75% of my $7.50 call position yesterday. Puts are radically cheap. There's total market confidence a $10 deal is booked.
The first five paragraphs say it all. Nobody else would be willing to buy this pig once they see what the real costs are. http://www.reuters.com/article/topNews/idUSBNG8809620080325
My fish eating brother anthony tells me he thinks its worth $20 per share. ergo its worth $20. He's very good.
People who consume large quantities of fish tend to have higher intelligent quotients than their non-fish eating peers.
Excatly, that and his Columbia University Degree (which doesnt mean anything in and of itself, but he was smart enough to build one hell of a roladex while he was there, and that means EVERYTHING).
The fed thought it was zero, but now its 20. Amazing. The fed f'ed this whole thing up so bad its silly.