Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0

JPM may actually be in a good shape, both short term and long term. Short term because the FED is covering $30B of the liabilities, long term because BSC still claims to have $80 a share in book value. Not a bad buy at $2 a share. Bear's problem was a liquidity problem. If JPM can avoid a liquidity crisis, it will have made a truely magnificent deal. This sounds like a steal to me.

Boy, I hope I am right on this one, because if I am not, our financial system will collapse in the next couple of weeks! 

Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.