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Fed just cut discount rate .25% Gold 1020 Silver $21
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<p>[QUOTE="taurus876, post: 347124, member: 5583"]Bear Sterns failed.</p><p><br /></p><p>The Fed was given these two choices.</p><p><br /></p><p>1) bankrupt - sold in pieces to highest bidder. Fed did not allow this to happen</p><p>2) Sold and merged into JP Morgan Investment Bank (Happened at $2 a share, BSC was over $50 on Monday)</p><p><br /></p><p>Either way Bears Stern will not exist on Monday. Earning announcement on Monday has been cancelled.[/QUOTE]</p><p><br /></p>
[QUOTE="taurus876, post: 347124, member: 5583"]Bear Sterns failed. The Fed was given these two choices. 1) bankrupt - sold in pieces to highest bidder. Fed did not allow this to happen 2) Sold and merged into JP Morgan Investment Bank (Happened at $2 a share, BSC was over $50 on Monday) Either way Bears Stern will not exist on Monday. Earning announcement on Monday has been cancelled.[/QUOTE]
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Fed just cut discount rate .25% Gold 1020 Silver $21
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