Examining Bear’s Fall

Gee, If the window had been open before ? Bear Stearns would still be here ? What does THAT say about the integrity of what the Fed is taking as collateral ? Makes me more worried now than before. I find it questionable that FDIC insurance is considered a 'perc' now. THAT leaves me more concerned. He mentioned quite an allotment of funds for his clients, FDIC has 50 billion TOPS on the books to back ANYTHING. Bernanke has 570 billion left to toy with, less if any NEW Bear Stearns use that window. I think this fella is happy to have a new job and be out of BS personally.

Does this guy TELL his clients that FDIC doesn't HAVE money to back more than 5 companies like his ? Why would the FDIC grant 100% coverage on just Standard bank ? I find it shifty it's presented as 'we give our clients solace' No, the FDIC can't back 10 billion + if this Standard Bank comes up with some bad event that makes margin call greater than 10% of what they have on hand.

Heh "If you're in a financial services sector, you're in a depression." from second video there. Well, that's at least honest.

The fact he's being sarcastic weakly on going to Saudi Arabia to ask them to drill for more oil because the US companies won't ? That tells me Standard has interests and holdings in US oil companies. The sooner some leftovers from the oil era move on out and validate rules for mortality the sooner we can all start breathing freer.

he's not a snake oil salesman in the name of Modern Bank (my error, I guess I was thinking Standard Oil !), he's an oil salesman for Modern bank's US oil corp. holdings. How sad we not only pass on 100 year old dirty energy solutions to our children, but further seek to profit from these exploits. Smarter people would place the general welfare and health potential of children AND elderly from reaching as HARD as we can to get AWAY from petro/fossil burning solutions- of course, unless one is fine with their kids breathing in air that's of lesser and lesser quality. The US investment banks ought to be looking into consortium functionalities for lending to prop up alternative energies to get things in motion, or they will face their demise as irresponsible and immoral in my view - people making those companies up continue to jeopardize their future playing with oil, or DEAD END technologies. I can make an argument against oil for energy on health issues alone - forget global warming, besides - I mean, even the Bush climate report that was 3 years late states petro exhuast contributes to rising temperatures which will lead to severe erosion of coastal properties. I wonder if Modern Bank also owns any coastal properties ? The insurance on THOSE is skyrocketing - THAT crisis hasn't even touched Wall Street yet, at least in any sense beyond denial of rising oceanic waters - 1/2 of greenland is cap is gone, when it's all gone, in the NEXT DECADE or less, it's 23 feet oceanic rise. That's serious loss to US coastal properties - trillions. Thank GOD I suppose people are in denial about melting ice ! eh ? (I like to use melting ice over global warming, because one can't deny the ice is gone, and is going faster and faster each month). Cape Cod becomes ? Cape what ? Meritt Island in Florida becomes ? Melbourne ? where ? Australia ? That's within 10 years folks. And this yayhoo wants to go drill for more petro solutions - I'm glad I'm not one of the 165 clients - in fact, I'd go on track record, what's he going to do different at Modern Bank to prevent another Bear Stearns ?

4 am is probably too early to start drinking too but what the hey ! I must be having a mid life crisis here at 40 - I start watching Fox Business News and actually start to have a meaningful experience out of the whole process. I still argue, if FBN was off the air, the world is not missing anything. It was propped up by Cavuto as if it was going to be his pet project. I find Cavuto manipulative in the interviewing process, set up questions, curve balls - in general the people he plays don't even know they are being played. How do I know this ? You have to be able to do this to recognize it, and at least "I" will admit I do it, I think everyone does to some degree. One study in psychology I came across (uh oh, ANYTHING that starts with THAT line - beware) showed adults lied some 26 times a day. I thought- no, not me - after watching it - I was left with - uh - yikes, yeah. Alas Elen DeGeneres's joke "I have never lied, oh wait, that was a lie" It's those that WON'T admit imperfection, or WON'T admit they DO lie - or manipulate I am leery of. Bankers or not. I suppose I should be fair Alexis Glick - I'll stop criticizing you on that you don't seem to churn up too much original insight, as people ARE different. I'll state that your strength SEEMS to be an ability to integrate people, or bring people IN. So, looked at THIS way - you do things well. Whoopie Goldberg asking Barbara Walters yesterday (I didn't see it, heard about it though, yikes, 40 yr old male ? and THAT's the stuff I end up with dialog on - what's hapennign to me ! ? ) - Barbara replied when asked 'who do you support' etc, with 'I don't vote, I stay neutral, I don't talk about it, my job is to let people speak for themselves and let viewers decide'. Seeing a review on Tim Russert- of ALL places - the O'reilly show - ugh ! Tim revealed an excellent point though - he said ? you know ? when I interview ? I study everything I can about them, I'm not easy on them, I try to be as critical as I can, and let the viewers decide. This helped me realize, oh, wait, if I find him harsh, that's in a way a sign he's doing the job good. To that, hmm - maybe you could be more critical Alexis - then again, people are different - Whenever I'm afraid of being critical, it's usually because I don't want to appear as being wrong. All in all that gets me into trouble, so I lately take advantage of online forums and do the anti-thesis - OVERLY critical -heh. That's probably equally as unhealthy ! I have to find a common ground ! Oh well, I didn't get the best read from your guest here. My two cents. I found the Saudi comment manipulative to cause people to retract to saying 'oh, we must drill more here' I'm glad this yayhoo gives a care about his children or grand-children's pulmonary health ! ugh! If investment banks went consortium to back alternative energy ? Sheesh, Korea Hyundai has had a Sonata Sedan that can plug into a wall outlet 200 mile radius and charge in 20 minutes for TEN YEARS ! US corporate oil severely lobbies the media - AND Washington - it's not just the petro that makes me ill as I'm out of breath biking along the road when someone comes by with a failed catalytic converter !

He has held senior positions at Travelers Group ? And that's a good thing ?

I like how irresponsible management becomes a 'fall' Let's extend the criminality carpet here Bear over extended itself Tried to cash in on what it couldn't cover on margin call all the while fat hogs made HUGE cash-in's on hedge funds management. It wasn't a Fall it was a case of criminally fueled mis-management of peoples money. It was close to Ken Laye and Enron in regards to respecting the money Bear Stearns had to play with. Could have been conservative - but noooooooo Greed Greed and more Greed all from Schwartz's home in Palm Beach the Friday before 'It's all speculators, that's all it is' LIES - Anyone who DOESN'T seek to hold Bear Stearns criminally accountable - should be investigated too - and probably IS.

I am now officially though, a fan of Alexis Glick ! I think she makes for a better organizer than an analyst - but that very well may be her strength. And at that, she certainly brings on a plethora of interesting people to check insights with. so to that - I'll keep my commentary to the guests on the show - and try to respect a good host. NOW - Cavuto - that's tricky. He's on my list of the FOUR people I'd even consider leaving the kids with at the company picnic (I don't work for Fox- just an expression here) - My list is Charles Payne - Liz MacDonald Neil Cavuto and providing no beveraging ! Alexis Glick is I 'think' a responsible caring adult. I used to say this of E.J. Dionne Jr. and Eugene Robinson at the Washington Post heh.. Cavuto - yes, I think he's trustworthy - but I am no fan of the bowling pin setup interviews I witness - it's almost rigged like O'reilly - where the guests themselves often don't know they are one to be hit with 3 loaded questions to make a point guided by the host. NOT so typical on FBN, more typical on the main Fox network. I DO keep these two separate now. If anything, I'm learning to firewall the employees on FBN from the entire Fox network. I do see that there simply is some talent that has been hired. There are also some lost souls I observe on the network as well. I COULD be wrong, I just get that impression from Cavuto - now, if that's his goal, then he's good at doing that ! I just don't observe a willingness to 'let go' of a dogma in reach for an immediately learned new 'better' insight on the spot from him. Maybe that's his way of keeping conservative until longer term evaluation takes place over time, to which - it just might be my style of learning vs something elses which is different - alas I would of course find it alien. That approach can work Cavuto ! but - if you're wrong, it better come with a respective dose of humility - that's all. There MUST be a full moon, or I started drinking early ! no comment. Now - there IS something inherently wrong about a show called Happy Hour - as the dollar falls, I bet more people show up at the bar ? So long as we don't see Bernanke on Happy Hour at the bar, we're probably ok. Paulson ? He could use something to relax perhaps ! Someone at FBN is going 'should we print this ? ' Your call - just sharing some insights. I hope the more germane comments to the guests get posted though.