Katie Couric speaks with UBS Financial Services Director of Floor Operations Art Cashin about the liquidity crisis faced by Wall Street investment giant Bear Stearns. (CBSNews.com)
art cashin is the OLD LADY OF THE NYSE, this old woman wrings his hands and kvetches like a yenta with cold chicken soup at a brooklyn deli, fed rates cant be low enough so this parasite can eat at delmonico's while mainstreet eats shit.
idiot. they did'nt just pick on bear stearns. bear stearns was exposed to carlyle capital group that went down the toilet. thats why there was a run on bears. morgan chase had to buy stearns because they were heavily exposed to stearns. good deal 5 cents on the dollar and all risk underwritten by the fed/tax payer usa. no foreclosed househoulder going to get that ! we are all being robbed ! 30 years on wall street ? well done art, you have really had us over !
well lets all hope for art's sake that his investors/clients dont all ask for their money back katie. rumours ? rumour mongers ? he aint the sharpest tool in the box is he ? if he is, lets hope "in god we trust" is enough.
At least they waited until the weather warmed to start the final crash. Thanks Shlomo, I hope your precious was worth it. Try claiming scapegoat again.
It's a terrible mess alright. Those investors have every right to demand their money from the funds. Best line "it'll take several days to straighten this out"...
do you promote lies for reward or do you fight liar?
head1qwa 8 months ago
art cashin is the OLD LADY OF THE NYSE, this old woman wrings his hands and kvetches like a yenta with cold chicken soup at a brooklyn deli, fed rates cant be low enough so this parasite can eat at delmonico's while mainstreet eats shit.
garyowen4ever 3 years ago
idiot. they did'nt just pick on bear stearns. bear stearns was exposed to carlyle capital group that went down the toilet. thats why there was a run on bears. morgan chase had to buy stearns because they were heavily exposed to stearns. good deal 5 cents on the dollar and all risk underwritten by the fed/tax payer usa. no foreclosed househoulder going to get that ! we are all being robbed ! 30 years on wall street ? well done art, you have really had us over !
daveextra 4 years ago
well lets all hope for art's sake that his investors/clients dont all ask for their money back katie. rumours ? rumour mongers ? he aint the sharpest tool in the box is he ? if he is, lets hope "in god we trust" is enough.
daveextra 4 years ago
At least they waited until the weather warmed to start the final crash. Thanks Shlomo, I hope your precious was worth it. Try claiming scapegoat again.
johnq123123 4 years ago
It's a terrible mess alright. Those investors have every right to demand their money from the funds. Best line "it'll take several days to straighten this out"...
TYX91101 4 years ago