Day: March 16, 2008

Categories
Stocks

Cramer was wrong on BSC last week

Reading Time: 2 minutes

Last Updated on March 17, 2008 by stlplace

As you may know, the Bear Sterns (BSC) was bought by JP Morgan for $2 a share as of this afternoon March 16 US time (Reuter News). And here was Cramer’s take on Bear Sterns on Mad Money just last Tuesday (March 11).

Dear Jim: Should I be worried about Bear Stearns in terms of liquidity and get my money out of there? –Peter

Cramer says: “No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear.”

Yeah, the Bear IS in trouble and they are taken over, but at $2 (it may go slightly higher if another buyer emerges), it is virtually go under as far as shareholder concerned.

The following is a list of Investment services companies:

Investment services companies pic
(Source:Google Finance, Mar 14, 2008, full size pic is here)

Bottom line: if you have BSC stocks and listened to Cramer’s advice and hold it through last week. I felt very sorry for you 🙁

Continue reading “Cramer was wrong on BSC last week”
Categories
Economy

Sub-prime credit crisis unfold

Reading Time: 2 minutes

Last Updated on March 16, 2008 by stlplace

sub prime loan pic
(source: www.stride.co.uk)

Last Monday was one year anniversary of sub-prime (and subsequent credit crisis), here is an interesting time line I found at BBC. Quote:

8 March (2007)
Biggest US house builder DR Horton warns of huge losses from sub-prime fall-out.

12 March (2007)
Shares in New Century Financial, one of the biggest sub-prime lenders in the US, were suspended amid fears it might be heading for bankruptcy. See the New Century entry at Wiki here.
…
A year later (lots of bad things happened in the past year):
…

Continue reading “Sub-prime credit crisis unfold”
Categories
Life Tips

Green Card DIY

Reading Time: < 1 minute

Last Updated on March 16, 2008 by stlplace

I don’t mean to steal immigration lawyers’ business 🙂

A few years ago my employer sponsored my GC app including attorney services. But that did not extend to the AP and EAD (optional for me). I heard from a friend that he paid $1,000 lawyer fee for the EAD renewal. So I filled the forms and filed for myself.

Last month (mid Feb) as soon as I saw the PD became current, I filed I-485, I-131 (AP) and I-765 (EAD) for my wife (H-4). And we received the all the receipts shortly.

I think for simple cases (like my wife), we can do it ourselves, as long as we know what we are doing. This maybe more effcient than using the company lawyers, because of the time wasted on “back and forth”. On the other hand, I am sure most Chinese immigration lawyers here are professional and effcient.