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Message: <blockquote data-quote="pardasani" data-source="post: 14861" data-attributes="member: 96">Some of my thougthsWell when it comes to M&A I don't think there are nationality issues -- if someone wants cash and is selling out, I don't think the regulators would have a problem.... Foreign acquisitions are not really that uncommon -- we live in 2008 where its one big world .... ABN Amro a large Dutch bank got consumed by "European friends", Heathrow is run by a consotorium lead by the Spanish, Air Italia is been taken over by Air France, and an Indian firm is bidding for Ford Land Rover.... and does anyone remember Schroders Salomon Smith Barney ??Well once again, I don't think the governments would have a problem, its a private business matter... Pimco which manages assets of about 1.3 Trillion dollars (which is greater than the book value of lots of investment banks put together) reports to Munich !!!Okay again opinions differ,but I don't think that would happen.... Even after the famous week yesterday, Bear Stearns (a 85 yr old firm) remains a firm with $4 bln of Market Cap, with last reported equity valuation of over $11 bln, and last reported tangible assets worth $53bln...  Compare that with some of other SP500 firms --  LEN (last reported total assets, 9 bln) and QLGC (last reported total assets < 1 bln !)I think the "fear factor" kind of reached new heights this Friday... The SP500 was down 2% (which is not really that much given the history since August -- I am sure we have seen atleast 5 when we dropped 2%) .... But I think the market sentiment is really down....  On this thread itself we have had thoughts like  "Dow will go below 10000 level." and "Can't help but wonder if there will be a Bear Stearns come Monday." ,  "we were talking about Lehman as well."--  I think they pretty much reflect how people are feeling Well it has definitely not another day at business --  I guess everyone was happy that the day ended and we have the weekend !!!If we were to believe what has been said -- I think Bear Stearns could be the first firm in the history to be affected this much by rumors -- or rather rumors turning true like a self proclaimed prophecy ...Well I really have to say that I am happy to have seen this Friday -- I may have lived through history... Also it stuck to me that stuff of this magnitude can happen and  being young and stupid (unlike Gus and Alain) it stuck me for the stuff happens fast -- there is always the risk of blow up -- there is no risk neutral world (the world is definitely not normally distributed).... I guess the worst part of it all is that no one knows who makes this stuff happen, when will he do it or with magnitude</blockquote>

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