Bear Stearns - Will they survive the credit crisis

[Doc_offshore]

With a 37 % drop in revenues in 3rd quarter by question is; Will they survive? Will this Wall Street Legend be the sacrifice to the God of capitalism? Is it time for the Wall Street capital funds to wake up and realise what the british has learned through similar crisis: Do not leverage investments in overvalued assets.

Doc Offshore

[orangebelt]

Dats bad... the fourth quarter loss reflects net mortgage-related write downs of $1.9 billion!!! when they anticipated write-downs of approximately $1.2 billion....

Gud thing is that they announced that the members of the executive committee will not receive any bonuses for 2007...

Now they're acting like small biz owners by not giving bonus.. but they should reward their staff no matter what...

[zapper]

Originally Posted by orangebelt

Dats bad... the fourth quarter loss reflects net mortgage-related write downs of $1.9 billion!!! when they anticipated write-downs of approximately $1.2 billion....

Gud thing is that they announced that the members of the executive committee will not receive any bonuses for 2007...

Now they're acting like small biz owners by not giving bonus.. but they should reward their staff no matter what...

Yup, Even during crisis, they must have some funds in their reserves, dedicated to bonus and rewards. Or, i got a suggestion for them... They could claim insurance

[buaya]

Originally Posted by zapper

Yup, Even during crisis, they must have some funds in their reserves, dedicated to bonus and rewards. Or, i got a suggestion for them... They could claim insurance

That would not happend as long as the mentality that the shareholders should reap all the honey still existed. Staffs, to them, are just "expandable"