wpe50.jpg (1913 bytes)    TigerSoft News Service    3/17/2008        Visit our www.tigersoft.com   

                           I am very sorry if you lost money in this stock's utter collapse. 
                                  We must all learn from this.  I am looking at the Yahoo message
                                 comments now for BSC.  They are an education in themselves.

(1) Another Blow To The Rule of Law in
         America.  Congress Remains Spineless.

(2) Sad and Angry Messages on
        Yahoo's Message Board for Bear Stearns.

                     TigerSoft Charts showed Heavy Insider Selling.
                                 See our Insider Trading Report 1/4/2008 - "Insider Trading at Bear Stearns"
                                                            Bear Stearns was then $81.  Now it is $2.00
                                "Insiders Always Know" - User TigerSoft. 
                                             175 page book on short selling using TigerSoft's Accumulation Index.
                                  TigerSoft Studies of Insider Trading.   http://www.tigersoft.com/Insiders/index.html  
            "Insider Selling" vs Buying on The Cheap    

  by William Schmidt, Ph.D. (Columbia University)
                                            (C) 2008 All rights reserved.  Reproducing any part of this page without
                                                            giving full acknowledgement is a copyright infringement.

wpe4F.jpg (33251 bytes)


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                      Bush and Treasury Secretary Paulson
                       Give A Big Fat Plumb To JP Morgan

              Nothing in the laws creating the Federal Reserve
       Board gives the FED th power to offer $30 billion in
       public funds in return for highly dubiously valuable
       mortgages to a private company to get it to buy
       out another company.   There is no way Bernanke
       and the FED would have taken this illegal step without
       the support of the President and if the Democrats had
       long since shown themselves as spineless wimps.
       The rush to concoct this deal shows that Bush, Paulson
        and Bernanke panicked.   The laws of the land no longer
        apply to the President.  He is a law unto himself.  America
        is now run by a President who acts as absolute Monarch
        for his term in office.  If the American people have any
        sense of the enormous implications of this illegal act,
        they will vote for an activist Congress who will hold
        future Presidents strictly accountable to the rule of law.

Bear Stearns on The Yahoo Message Board.

             Keep in mind Bear Stearns was considered a safe Wall Street growth stock.  It had a 20
        year history of rising profits and rising share prices.  Many of those who owned the stock
        were not speculators.  They simply wanted to build money for retirement.  Perhaps a third
        of the shares were owned by people who worked for Bear Stearns.  Did they deserve to
        have their life savings destroyed and probably their jobs, too? 

TigerSoft keeps telling readers not to trust the vastly overpaid CEOs that are destroying
         their stocks.  Lookat how utterly misleading were the wrods of Bear Stearns' CEO a day
         before the stock "went bust."

Alan Schwartz, the Bear Stearns chief executive, reiterated that stance yesterday after
          Punk Ziegel analysts gave warning that the bank could be forced to seek a merger partner.
         “We don't see any pressure on our liquidity, let alone a liquidity crisis,” Mr Schwartz told
          CNBC  yesterday. He said that Bear had finished fiscal 2007 with $17 billion of cash
          sitting as a“liquidity cushion”. He added: “That cushion has been virtually unchanged.
          We're in constant dialogue with all the major dealers, and I have not been made aware of
          anybody not taking our credit.

Bear Stearns was sacrificed for the good of the financial market, say the clever pundits.
        Here are the words of John Mauldin: "
The stock market would have crashed by 20% or more, maybe
        a lot more. It would have made Black Monday in 1987 look like a picnic. We would have seen tens of trillions
        of dollars wiped out in equity holdings all over the world... You are in the boat, whether you realize it or not.
        You and your friends and neighbors and families. Whether you are in Europe or in Asia, you would have
         been hurt by a failure to act by the Fed. Everything is connected in a globalized world. Without the actions
         taken by the Fed, the soft depression that many have thought would be the eventual outcome of the huge
        build-up of debt would in fact become a reality...(R)ecessions are part of the business cycle. There is nothing
        we can do to prevent them. But depressions are caused by massive policy mistakes on the part of central banks
        and governments. And it would have been a massive failure indeed to let Bear collapse. I should note that
        this was not just a Fed action. Both President Bush and Secretary Paulson signed off on this.  The Fed risking
        a few billion here and there to keep the boat afloat is the best trade possible today. Their action saved
        trillions in losses for investors all over the world. It is a relatively small price.  (Has it really
        saved the system?  Who benefits the most?   How is it going to help the homeowners?   Banks
        aren't lowering their rates.)

                         (Source for quote: "Outside The Box", March 17, 2008 emailed  newsletter.)

         THE BEST OF YAHOO on Bear Stearns Message Board.

           Here are the comments 0n the Yahoo message Board soon after the news Sunday of the buyout
       at $2.00 from JP Morgan.  On Friday, the stock had closed at $30.  A year ago it was over $150.

"83 Madison Avenue is going to be a bloody mess this morning 17-Mar-08 04:33 am
            I'm going to shoot myself in the front lobby.

           "Ambien Xanax Prozac stock UP!!!!!!! Drugs and therapy"  

  "I'M DOOMED!!!! 17-Mar-08 02:37 am ... MARGINED EVERYTHING ON BEAR ON FRIDAY!!!!!!!!

  "Trying to catch the falling knife, why did I do that, I guess I deserve it, any serious
              advice I will be left with a few K to my name, Im so depressed."

            "i bought 1300 at 36 on friday on margin. (25,000 from my account). 50% was margin." 

            "One day BSC is "ALL IS WELL" next day its a train wreck. Billions turned into a few million."

"I know my account is wiped out. Do I have to also pay the 50% margin as well?
           if yes (and i do not have any more money) how can deal with my broker?
           is there any protection from me that i can use?   Serious advise please"
              Someone's Answer - "you owe it. if you dont payback then they will use collections on you"
             "So you are saying buy cashing my credit cards and take out any money from
           my bank account will provide me some protection?"

"There is absolutely no way I can pay what I lost....I didnt buy stocks on margin....
            I sold puts on margin. Please give me advice. I am going off comptuer soon...
            I have no idea what I am gonna do."

"It is fake and unreal. Ordinary mortals like us will be wiped out!" 

       "How can the company be worth only $240m? How much risk is out there?
              Is the entire world bankinh system worthless?

              "Thank U Bush!!! Entire economy is in the toilet!!! 17-Mar-08 02:47 am"
"Like father like son!!! Both losers!!! Dumping billions in Iraq instead of rebuilding
                the economy!!! $300 rebate won't do squat!!!

" If i worked at BSC I'd be f'ucking FURIOUS on monday.... that they agreed to sell
               for $2 per share?  this is the worst i've seen and wonder if there will be violence
               against the CEO"

               "LIMIT CEO COMPENSATION NOW!!!!

              "Both Fed Chairman's Greenspan & Ben Bernanke are REPUBLICANS".

               "the building of bsc is worth $8 a SHARE jpm IS MAKING A KILLING AND HE DOES NOT

               "This is complete cheating on part of the company and total cheating to its share holders.
                Why they were not informed before hand the state of the company and its balance sheet.
                How can it go from 60 to 2 in last 72 hours? The management kept on denying that there was
                anything wrong at all with the company. The stupid CEO was on air on CNBC just 4 to 5 days ago
                denying that something was a miss!And share holders got looted,cheated.  This has to stop!
                After enron. Now this company.  The stock trading at 60 a dollar as early as friday and now it is 2
                dollars?   I feel so sorry for the innocent and hardworking people who trusted companies like
                this with their life savings!  And why SEC dint pull up this firm for faul play?   What is government
                doing for firms like this? Jesus, people wake up!

"BSC Makes Enron Look Tame.   Enron was a blip on the radar compared to this POS!"

  "Brokerage analysts' views:
                                           Strong Buy 2
                                           Buy 4
                                           Hold 10
                                           Underperform 0
                                           Sell 0

"Will Put Holders be able to sell them and Exercise them? I am hearing that they can not.
                Is this even a possibility?

                 and get some dems back in there who can clean up still another Bush mess... "

"Spitzer ought to sue every crooked looking financial and there leaders w/court for
                wrong doing.  Oh. I forgot, they took him out just in time earlier in the week."

                "Soitzer was brought down by bankers. While New York Governor Eliot Spitzer was paying
                an ‘escort’ $4,300 in a hotel room in Washington, just down the road, George Bush’s new
                Federal Reserve Board Chairman, Ben Bernanke, was secretly handing over $200 billion in a tryst
                with mortgage bank industry speculators.  Both acts were wanton, wicked and lewd. But there’s a
                BIG difference. The Governor was using his own checkbook. Bush’s man Bernanke was using ours.
                This week, Bernanke’s Fed, for the first time in its history, loaned a selected coterie of banks one-fifth
                of a trillion dollars to guarantee these banks’ mortgage-backed junk bonds. The deluge of public loot was
                an eye-popping windfall to the very banking predators who have brought two million families to the brink
                of foreclosure.    Up until Wednesday, there was one single, lonely politician who stood in the way of
                this creepy little assignation at the bankers’ bordello: Eliot Spitzer.   Who are they kidding? Spitzer’s
                lynching and the bankers’ enriching are intimately tied.  How? Follow the money
.    The press has
                swallowed Wall Street’s line that millions of US families are about to lose their homes because they
                bought homes they couldn’t afford or took loans too big for their wallets. Ba-LON-ey.
                That’s blaming the victim.     Here’s what happened. Since the Bush regime came to power, a new
                species of loan became the norm, the ‘sub-prime’ mortgage and its variants including loans with
                teeny “introductory” interest rates. From out of nowhere, a company called ‘Countrywide’
                became America’s top mortgage lender, accounting for one in five home loans, a large chunk
                of these ‘sub-prime.’

                Here’s how it worked: The Grinning Family, with US average household income, gets a $200,000
                 mortgage at 4% for two years. Their $955 monthly payment is 25% of their income. No problem.
                 Their banker promises them a new mortgage, again at the cheap rate, in two years. But in two years,
                  the promise ain’t worth a can of spam and the Grinnings are told to scram - because their house is
                  now worth less than the mortgage. Now, the mortgage hits 9% or $1,609 plus fees to recover the
                  “discount” they had for two years. Suddenly, payments equal 42% to 50% of pre-tax income. The
                  Grinnings move into their Toyota.     Now, what kind of American is ‘sub-prime.’ Guess. No peeking.
                  Here’s a hint: 73% of HIGH INCOME Black and Hispanic borrowers were given sub-prime loans
                  versus 17% of similar-income Whites. Dark-skinned borrowers aren’t stupid – they had no choice.
                  They were ‘steered’ as it’s called in the mortgage sharking business.  ‘Steering,’ sub-prime loans with
                  usurious kickers, fake inducements to over-borrow, called ‘fraudulent conveyance’ or ‘predatory
                   lending’ under US law, were almost completely forbidden in the olden days (Clinton Administration
                   and earlier) by federal regulators and state laws as nothing more than fancy loan-sharking.

                "Someone needs to and will begin a class action law suit.There are so many issues that can
                 be brought forth that it isnt funny.Maybe shareholders can recover something.I did not buy
                 any shares but my heart bleeds for those that did and especially those that bought after
                 the c.e.o. said everything was just fine with the balance sheet.  Put the blame where it belongs.
                 It belongs with greedy CEO's, loans that should have not been given in the first place, and
                 people borrowing way more than the could ever pay back. How can you put the blame on
                 one man (president)? That's a simplistic and ignorant view. Bush has  made mistakes, however
                 you can't put the total blame on him."

                "You bet, the GOP is gonna pay a hefty price for the mess they put America into since coming to
                 power.   When voting, remember it was on under their watch when this occured, vote the
                 BAST_ARDS out come November."

                 "The first time the GOP had complete power in 90 or so years. The rotten BAS_TARDS held the
                  presidency and both houses and they made a complete mess of it.  Now we have this rotten REPUKElican
                   regime bailing out Bear Stearns and sticking it to the U.S. TAXPAYER."

                 I don't know. Not once, but twice, idiots were lined up around the block to vote for Bush. What makes
                 you think they'll see the light?  Many people are still clueless. "

                  Maybe having the rich get richer is not so good for America after all.... "

                  "Re:   Yeah, get the SOCIALISTS in and they'll redistribute the wealth to all the unproductive losers like you!>>

                            "reply to Re:  As opposed to shipping C47's filled with pallets of hundred dollar bills over to
                            Iraq to 'go missing' and be redistributed to the insurgents there? Or redistributing a couple more
                            trillion to W's line of corporate cronies? I mean he's got nine months to go. If he holds his mouth
                            right he and the Repugnants might be able to loot the rest of the nation's treasury along with the
                            entirity of all the 'little people's' assets before they're done."

               "I'm neither long nor short this stock. But what has happened to you could happen to
                any of us at any given time.  To those of you who have lost retirements, college funds,
                etc. I realize how little any words can mean to you at this moment.  But know there are
                strangers here who've a genuine interest in your welfare and that of your families.
                Remember this is not the end of the  world.   You can always make more money.
                What you can't do is give up. May God be with you and your loved ones."







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