Bear Stearns CEO Wasn't Lying; Neither Was Enron's Skilling

Anyone who thinks Schwartz was not lying is either stupid or lying. Why was this question raised in the 1st place? How can a CEO didn't know his company was running out of money?

Lets see where do we start, how about BSC meets over the weekend with JP Morgan and sells them the company at 2.00 per share when the building they meaning BSC owns is worth 8-9.00 per share just the building alone. So they meet and JP Morgan says yes I will buy it and pay you under the table a couple of hundred million dollars and screw the investors who cares??? I am just telling what Americans need to wake the F### up!!! I did not own any of this stock so I lost nothing. Lets go over one more company all Americans should be very pissed off at it CVS pharmacy why lets see they pay the Federal Government which of course the government agrees to it as well a 37,000,000.00 million dollar settlement for milking and bilking our Federal Governments Medicaid program. Lets talk about what they did they sold off generic drugs to us and then billed Medicaid for Namebrand drugs lets see I call that insurance fraud!!!! The CEO, VP should all go to jail and H### for the rest of thier lives screw them all. We pay for it in our taxes and the government settles with them and then they do not even go to jail. If you and I say stuck a gun in a bankers face and stole lets say just 2-3 million dollars they would throw us away for a lifetime in prison just because we stole a little money from the Feds, but these huge corporations are cutting deals, like slicing through butter with a sharp knife with no regrets, they could care less about all of us. America wake up stop giving your hard earn money to these criminals who will not go to jail, they just pay some small fine for the system for the system that is the game they play. Invest money in yourself, forget the criminals that are just stealing your money and if you do not want to wake up then send me your money and at least I will thank you for doing it and I will never call you stupid or lie to you or pretend that you are just stupid!!! Wake up America!!!!!!!!! Wake up America!!!!!!!!!! Wake up America!!!! I JUST HAVE TO KEEP SAYING IT AND MAYBE SOMEONE WAKES UP IN THIS COUNTRY AS IT IS ALMOST ALL TO LATE. Take care to those who have a mind left to think for themselves and do something positive today believe in yourself at least you know where your money is and went to and you have not just givin it to some criminals because that is what all the CEO's of these companies are. Like I stated just above if you have money you want to give to me to invest at least I will not lie to you and tell you things are great when they are not. I will just simple thank you for your donation in my future. Take care to all. Eric

So sorkin can go home and shut the hell up. If even the CEO does not know the direction his own company is heading, what uses are of anal-ysts??????????????

hxve a good day

Hahaha, I can't believe this that companies could place a bet and still end up heads up regardless of the outcome. Thats brillant, and CEO still can cash out 50,100, 50 million before the house gets burn down.

They should use these folks as ornaments on the trees in Central Park, and when the other BOD's and CEO's of the other corporations see what they get for lying, they might actually try and act in the interest of those folks who hired them.

These guys knew enough to dump much of their stock and get huge CASH bonuses at years end. If they didn't know what was going on then why are they getting so well paid to be in the dark of such serious financial problems on the horizon? Heck lets just put in some high school kid at minimum wage to run the company in the dark.

If the $2 deal went through, 420 instutional clients will take a hit because there are that many holding Bear Stern's stocks at at least $80 to $100/share. If the deal went through, all 420 institutions will take a hit (assumed they holds 250,000 shares of Bear Stern at $80/share), we are talking about $40 millions in red on their balance sheet. Those include Morgan Stanley, Vanguard, Janus Capital Management, and many other funds each holding at least 655,000 shares at $80/shares at least. Morgan Stanley by Dec 7, 2007 still holds 6,500,000 shares at $80/share, equals about $500 millions. If it went through by $2 deal, it will be $13 millions in return for $500 millions in cost to Morgan Stanley. But this is only one company, just think, when this $2 deal went through, by the end of the year, it will reflect on all 420 institutions balance sheet with a hit of $40 millions, and how do funds operate, they have to increase asset value (NAV) and returen to attract new investors. When they take the hit, it will mean lower NAV, and most investors will not stay around to wait for the drop in their investment, the investors will redempt, the funds will run out of cash, and instead they will have to sell off the fund's portfolio at a discount to come up with the cash for investors redemptions. When all 420 institutions or funds are all selling at the same time, all stocks will be down, and possibly lead to a market crash as well, and when the US market is not stable, the worldwide market will be affected as well. It is a ripple effect which will affect every single household whether they own the stock or not (because when the stocks are down a lot, some companies will start to lay off people as well). As of today, there are 2 pending class action lawsuits filed against Bear Stern's for the $2 deal. And New York City Comptroller Thompson also has filed another investigation because City retirement fund has $10 millions in Bear Stern's stocks. Joseph Lewis (the largest single shareholder of Bear Stern) already said he will fight the deal. If the $2 deal went through, it will be like setting a TB in the US and by the end of the year, it will pop. We need to protect our investments and our jobs too. While all the online stock watchers are talking about bondholders are buying BSC in order to make sure the $2 deal went through. But when the entire stock market are hit, what makes you think a lone bank JP morgan Chase can survive the worldwide drop? It is the truth I am telling and it is just like the "Next" where I can already see what will happen at the end of the year. May God The Father protect us all...

With all knowledge in finance,these MBA scholars have become a VIRUS to common investors investments in stocks.Ofcourse we agree no advise available freely.Instead of asking fees for their services, why should they misguide common investors to enter at higher levels and exit at lower levels?.Let us consider the situation when each and every investor in market taking advise by paying to analysts.Then which tune they will play I hope everybody knows.

is this company really going under or will it make a rebound

Last time I checked, Henry Blodget was lying also!!! Why are you back? popistoc

What else is supposed to happen when every major stockholder is asking for hundreds of millions and even billions of dollars. Maybe the company was not as liquid just like other companies in the financial sector, but when Legg Mason, Putnam and Janus saying pay me my 9 figures, there's gonna be some insolvency.

What else is supposed to happen when every major stockholder is asking for hundreds of millions and even billions of dollars. Maybe the company was not as liquid just like other companies in the financial sector, but when Legg Mason, Putnam and Janus saying pay me my 9 figures, there's gonna be some insolvency.

To all of you very educated out here... 1. Bear Stearns is spelled "Stearns" not sterns. 2. It is Jimmy Cayne not Caynes 3. Emotion is bad when applied to finance, look at the panic seeded by NBC..., 4. Bring back Spitzer? What are you comedians? Did Alan lie, of course he did, what did you expect him to do? Walk out and say “We are collapsing, no cash, your positions are not worth anything?” Do any of you wizards here realize how much damage that would have done? From my knowledge Bear got on a restricted list in a major financial firm on Thursday night, which means that the Fed bailout was known as of Thursday night. Did Jimmy drive the company into the ground? My personal opinion yes he did. Did he do everything he has been accused of? In my personal opinion - sure he did. But here is something to think of: 1) Jimmy was #384 in 2005 on a richest Americans list - I doubt he will be there today; there is no SEC filings for a stock sale by any of BSC execs as related to this madness and a VERY large percentile of the stock was owned by the MC 2) Greed? Greed is good it keeps the capitalism running. If you dont like it, move to communist china or, perhaps, North Korea. I hear greed is at the reduced rate over there. It is possible everyone's mind is occupied by finding a food source rather the thinking of how to make money though. 3) NYT, NBC, MSNBC - garbage news, 0 truth all spin. Keep watching... Finally, when a person believes money will make him happy and it doesn’t happen (because it never will) and shortly thereafter a life's dream to make money collapses.... Put it this way, I actually feel bad for Jimmy; the feeling of a wasted life must be with him daily. That is worse than any jail sentence. Whom I don’t feel sorry for are majority of upper management (not the management committee) but the Senior Managing Directors involved in day-to-day management of the firm. In my very well based opinion they are the ones responsible …

To all of you very educated out here... 1. Bear Stearns is spelled "Stearns" not sterns. 2. It is Jimmy Cayne not Caynes 3. Emotion is bad when applied to finance, look at the panic seeded by NBC..., 4. Bring back Spitzer? What are you comedians? Did Alan lie, of course he did, what did you expect him to do? Walk out and say “We are collapsing, no cash, your positions are not worth anything?” Do any of you wizards here realize how much damage that would have done? From my knowledge Bear got on a restricted list in a major financial firm on Thursday night, which means that the Fed bailout was known as of Thursday night. Did Jimmy drive the company into the ground? My personal opinion yes he did. Did he do everything he has been accused of? In my personal opinion - sure he did. But here is something to think of: 1) Jimmy was #384 in 2005 on a richest Americans list - I doubt he will be there today; there is no SEC filings for a stock sale by any of BSC execs as related to this madness and a VERY large percentile of the stock was owned by the MC 2) Greed? Greed is good it keeps the capitalism running. If you dont like it, move to communist china or, perhaps, North Korea. I hear greed is at the reduced rate over there. It is possible everyone's mind is occupied by finding a food source rather the thinking of how to make money though. 3) NYT, NBC, MSNBC - garbage news, 0 truth all spin. Keep watching... Finally, when a person believes money will make him happy and it doesn’t happen (because it never will) and shortly thereafter a life's dream to make money collapses.... Put it this way, I actually feel bad for Jimmy; the feeling of a wasted life must be with him daily. That is worse than any jail sentence. Whom I don’t feel sorry for are majority of upper management (not the management committee) but the Senior Managing Directors involved in day-to-day management of the firm. In my very well based opinion they are the ones responsible …