The Yankees Paid More For ARod Than JPM Chase Paid for Bear Stearns

[Yavin4]

Just some food for thought there.

[jobycom]

1. He had a better year. nt

[papau]

2. But JPM gets a great downtown building!

[Earth Bound Misfit]

9. Their main offices are Midtown, Madison Ave.

This bldg alone has been "conservitavely" valued near $1 bill--MORE THAN 4 TIMES the buying price for THE WHOLE BALL O' WAX.

[A HERETIC I AM]

10. I'd be surprised if Bear Sterns actually owned the building. n/t

[Earth Bound Misfit]

11. They do according to this AP article

Source: Yahoo! News

After Bear Stearns rescue, who's next?
By JOE BEL BRUNO and MADLEN READ, AP Business Writers
Mon Mar 17, 1:27 PM ET


.....The acquisition includes Bear Stearns' headquarters, which as one of the world's tallest buildings could fetch more than $1 billion in a sale...

Article at link: http://news.yahoo.com/s/ap/jpmorgan_bear_stearns

[A HERETIC I AM]

12. Color me surprised. n/t

[leftofthedial]

13. buh dum dum pssht

great minds . . .

[lapfog_1]

3. ARod probably has more non-foreclosed property than Bear Sterns. - n/t

[ColbertWatcher]

4. Nice comparison. n/t

[Traveling_Home]

5. You stole that line!!! ;-)

[jobycom]

6. What? You accusing him of Obama-ing that line?

:rofl:

Oh, C'mon, it was a joke!

[sharesunited]

7. JPMorgan bought Bear Stearns with

money supplied by the Federal Reserve.

It was a total gift made by the taxpayer to JPMorgan.

The USA itself should own Bear Stearns, not tie a bow on it for another robber baron.

We need to get over the silly taboo that government cannot own businesses. The People should certainly own a company we paid for.

[On the Road]

8. That's Not a Bad Idea

If the bailout (or orderly liquidation) was done to prevent a general meltdown, I have no problem with the loan guarantees. However, it would have been nice for the government to get some value along with accepting the risk.

The government does not have to be the permanent owner -- the stock could have been sold gradually according to a public schedule.