He actually night be right......and just to think Bear Stearns came out in July and said they were wel and profiting....what a bunch of scammers....
I'm extremely sceptical on companies that have lately colapsed and the financials buying in thinking it's a bargain....
Just look at the example of CNP - Centro.......when Westfield was approached and asked if they had an interest in buy Centro out, they said straight out it's not a core strong business and would not touch them..... IMHO same applies for Bear Stearns.....it's dead !
cheers
us expert says bear stearns worth nothing, page-5
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