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With the market plunging the time is ripe to plant seeds amist the ruins of today for tomorrow. When the market is high people have no problem jumping in. When the opposite happens those same people don't have the stomach to jump except out. Seek out the giants that have stumbled knowing they will surely get back up. The small become mighty watching the mistakes of the mighty.
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BSC is not certain to get back up - more likely it will be bought out or at least distributed between a few different firms, with mere scraps left for current stock holders.

 I bought a little yesterday, but I'm having buyers remorse. 

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When BSC was a darling no one cared what they were doing to be a darling. Now with their subprime decisions in the past they won't make that mistake again, nor will the copy cats that will be brought to light. This is the way of the market, the hardest to fall is the strongest to recover.
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No. of Recommendations: 0
When BSC was a darling no one cared what they were doing to be a darling. Now with their subprime decisions in the past they won't make that mistake again, nor will the copy cats that will be brought to light. This is the way of the market, the hardest to fall is the strongest to recover.
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linked from CalculatedRisk:

http://www.cnbc.com/id/23651058/site/14081545 

"ecause of that S&P downgrade, bankers have now come to the conclusion that a deal must be done by Monday morning because no one on the street will trade or lend to Bear Stearns, which is rated a notch above junk bond levels. If the downgrade hadn't happened, Bear management would have had more time to work the Street for a deal, sources said.

The big question in the talks is price. Bear has been touting its $80 a share book value but no one is willing to pay that. It is very hard to value the firm and its businesses. One person close to the deal said the price could end up as low as $15 a share or less"

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