Bear can not survive. Its just impossible.In the banking industry your name is everything. Their name is cr--p now. No body will do business with them.
The problem here is the credit spreads that were talked about in the Fin Review this morning that this time last year has a .15% margin now trading with a .65% margin will go through the roof on Monday. Increasing the cost of funds to our banks and eating their margins-or having to pass them on.
the bottom line-our banks will be down 3-4% Monday on their share prices
bear stearns , page-14
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