saturday matinee, page-11

jkm010,

When CEO Alan Schwartz of BSC said on CNBC that they did not have a liquidity issue, he himself was thinking that BSC would be OK, but go over to yahoo message baords and raging bull and you see that the rumours really started 36 hrs ago, this was a genuine old run on the bank (thou BSC is an investment bank)

The implications for BSC saying publicly that they are Ok and then 48 hrs basically being bought out by JPM are not even worth considering, they would sued for Trillions.

Call me naive yes, but I think BSC was in trouble but that the speed of the withdrawl of funds was simply breath-taking in last 24 hours. Saying that thou someone knew BSC was in trouble as it was cut as being a shorted stock on NYSE a few days ago. I read someone took a massive 55,000 put option trade on BSC 3 days ago and has made US$375,000 in 3 days with BSC sitting $30 at todays's close.

Lots of talk flying around on the boards that JPM might buy BSC over the weekend, but BSC looks gone. Imagine if a MQG went under like that on our board...OMG

Chhers
Muzza