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Joe Lewis - Former Billionaire

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Jp morgan are now buying 39% of BS for $10 per share.

Jp morgan will foot the bill for the first $1 billion of BS write downs, the FED covering the next $29 billion.

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Suggests it is not all going as smoothly as JPM hoped. It seems Lewis and the other shareholders are probably not going to simply roll over and die. In particular the former Bear Stearns staff who hold 30% of the company shares could make the rubber stamping of the takeover difficult. Worse Congress is taking an interest in the legality of the Feds role in JPM's seizure of BSC. There could also be questions as to how far the Fed can underwrite any higher bid. Interesting times.

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:lol: Former Billionaire - like it.

I wonder how much he is worth now.

Edited by goldman

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I wonder how much he is worth now.

Not sure his latest venture was property development in Bulgaria.

He reminds me of one of those guys in the films who has a run of luck in a casino wining millions of pounds, then believes he has the magic touch and goes on to lose the lot.

There must be a women in the background with a Mink Stole, and Diamonds the size of Lorry wheel nuts hanging off her neck :-)

Edited by laurejon

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Not sure his latest venture was property development in Bulgaria.

He reminds me of one of those guys in the films who has a run of luck in a casino wining millions of pounds, then believes he has the magic touch and goes on to lose the lot.

There must be a women in the background with a Mink Stole, and Diamonds the size of Lorry wheel nuts hanging off her neck :-)

I think we sometimes think that when we get lucky, and make large amounts of money, we think we are very lucky in all that we do.

...anybody can make money in a rising market, i wonder if he has lost the icelandic banks billions as well.

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I wonder how much he is worth now.

You put you best bid in

You put your best bid out

And you shake it all about.

You do the Hokey Cokey and you turn yourself around

That's what it's all about...

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  • 294 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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