<DrumBeat: March 17, 2008 The Oil Drum DrumBeat: March 18, 2008>

73 comments on Update on the Simmons-Tierney Bet

Comments can no longer be added to this story.

| Show without comments | PDF version

mcgowanmc on March 17, 2008 - 11:09am Permalink | Subthread | Parent | Comments top

Why wasn't Bear shopped to China?

What can China use it's $$$'s for?

The US has actual cash of $400 Billion with 15% in the vaults.

That will have to spread over 300 million Americans.

What will millions of Americans use for cash?

Comments can no longer be added to this story.
D111 on March 17, 2008 - 8:07pm Permalink | Subthread | Parent | Comments top

I can't confirm this, but I believe Bear Sterns was shopping around China for investors, and they got turned down flat.

Chinese have been burned by Blackstone, etc. and they are not about to do so again.

Comments can no longer be added to this story.
Oilers Method on March 18, 2008 - 12:03pm Permalink | Subthread | Parent | Comments top


China brokerage rethinking Bear Stearns stake (March 16, 2008)

SHANGHAI: Citic Securities, China's largest listed brokerage, said on Saturday it might not proceed with a deal to invest about $1 billion in Bear Stearns because of the U.S. investment bank's financial crisis.

I think it was more of a "Hell no!".

Comments can no longer be added to this story.

73 comments on Update on the Simmons-Tierney Bet

Comments can no longer be added to this story.

| Show without comments | PDF version