A Review of Bear Stearns Collateral

by Johnny Debacle

We thought it might be helpful to our readers and subscribers to review the collateral that currently underpins some of Bear Stearns “assets”.

Doesn’t look bad from far away. Definitely some promise. Let’s get a closer look.

Again not so bad, am I right? This whole thing is overblown.

Does anyone know Russian? Looks like a friendly welcoming sign that points out that they want YOU to come into their town.

A ferris wheel! Fun! And conveniently located next to the 3HEPEAMUK building.

A little landscaping, some paint, a geiger counter or two…

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POSTED: 03/14/08 3:17 PM
Comment (12)


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Comments

  1. Sir Charge
    March 14th, 2008 | 3:30 pm

    The last picture looks like the set of Dr. Strangelove where they storm the army base for the crazy colonel.

  2. Anal_yst
    March 14th, 2008 | 3:59 pm

    caption: “im up in ur Chernobyl, ovrhetin ur reaktorz”

    or

    “Bear Stearns or: How we stopped caring and learned to love the reefer”

  3. Sergey
    March 14th, 2008 | 4:01 pm

    It is not Russian on the third picture. It is Ukranian.

    The word on top of the building depicted on the fourth picture means “power engineering specialist” and write as ENERGETIK.

  4. KipEsquire
    March 14th, 2008 | 4:08 pm

    I didn’t realize the scenes in “Call of Duty 4” were so accurate. They must have been working from these same pictures.

  5. To The Hilt
    March 14th, 2008 | 5:07 pm

    The Ukraine is not weak.

  6. Aspiring Mini-Baller
    March 14th, 2008 | 5:17 pm

    So which picture was S&P looking at when it decided to “downgrade” Bear to BBB?

  7. Aspiring Mini-Baller
    March 14th, 2008 | 5:26 pm

    I also need to disclose that I am long Bear Stearns paraphernalia. These collectibles would look great sitting next to my Robertson Stephens coffee mug and my XLCA AAA paperweight on my desk.

  8. aspiring as well
    March 14th, 2008 | 6:46 pm

    also awesome next to my memphis maniax xfl jersey

  9. dittyesq
    March 15th, 2008 | 1:02 am

    I agree with Sergey. The sign in the third picture is Ukrainian, not Russian. I’m not fluent, but it seems to be saying something about “radiation danger,” and cautioning the reader to “know the level of health in your home.”

    Oh, and “Energetik” is obviously a corporation’s name. The building probably belongs to the local electric utility.

  10. Mr Juggles
    March 16th, 2008 | 11:05 am

    Thank you to the slavic language specialist MOTOs.

  11. Stan Ho
    March 17th, 2008 | 1:18 am

    The Ukrainian slogan translates roughly as “Obeying the rules of radiation safety in hostels is a sign of a healthy lifestyle”
    I guess early LOHAS

  12. Management Consultant
    March 19th, 2008 | 6:08 am

    That is seriously funny.