Bear stearns crashing out?

Read from many reports that Bear Stearns is crashing out unable to pay out… true??

How bad is the situation??

Its scary. They fell into a sudden cash shortfall on Fri. A couple of competitors and the feds. are moving to shore them up. Their stock took a nosedive on Fri., and you’ve got to say their future as a brokerage co. is in doubt. My guess is they’ll weather the storm. But that doesn’t mean I’m about to buy stock in them…Roanoker

The problem is much bigger than Bear Stearns and it’s bad. What started as the collapse of the subprime mortgage market appears to be spreading. Anyway, as of today, Bear Stearns is history.

biz.yahoo.com/ap/080316/jpmorgan_bear_stearns.html?.v=22

Daddums :slight_smile:

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