Pehea i mālamaʻia ai kahi Bank i Ola i ka Pīhoihoi i ke Kuleana Nui
Ua laweʻo ia i kāna mau waiwai i loko o kaʻoihana pā . ʻO ia i hoʻokumuʻia i Malaki 2008, e kiola ana i ka pilikia o ka makahiki 2008 .
Hoʻoponopono Timeline
I ka makahikiʻoʻApelila 2007, haʻi nā mea kūʻai i nā limahana o nā Bear hedarnsʻelua e mālama i ka waiwai o kā lākou waiwai. ʻO nā kālā,ʻo ke kālā hōʻai'ē Kālā Kālā Aʻe a me kona kāpena Hōʻaikaʻi Leverage Fund, nona ka $ 20 biliona i nā kuleana kuʻiʻia . ʻO kēia mau huahana , ma muli o nā hōʻai'ē loiloi i kākoʻoʻia . Ua hoʻomaka lākou i ka liloʻana o ke kumukūʻai ma ka mahinaʻo Kepakemapa 2006 i ka wā i hoʻomaka ai ka nui o nā hale hale No ka mea hou, e nānā i ka Subprime Mortgage Crisis .
I ka makahiki o Mei 2007, ua hoʻolaha ke kālā hoʻolimalima hoʻonui i nā waiwai i lilo 6.75 pakeneka. Iʻelua mau pule ma hope mai, ua hoʻoponopono houʻia ia i kahi hapaʻuki he 18 pakeneka. Hoʻomaka ka poʻe kālā kālā e huki i kā lākou kālā. A laila, kāhea akula nā kāleka kālā i kā lākou ukana. ʻO kaʻohana kamaliʻi Bear Stearns i kāpiliʻia e hāʻawi kālā no ka pā kālā paʻa, e kūʻai ana i $ 3.6 biliona i loko o kāna waiwai.
Akāʻaʻole i hōʻoluʻoluʻiaʻo Merrill Lynch. Ua koiʻia ka waihona e hāʻawi iā ia i nā CDO no ka hōʻai'ē no ka hōʻai'ēʻana. Ua hoʻolahaʻo Merrill e kūʻai aku i $ 850 miliona waiwai i ke awakea. Akā, hiki iā ia ke hoʻoili i $ 100 biliona. (Source: "Loaʻaʻelua Big Funds ma kahiʻo Bear Stearns Face Shutdown," Ka Wall Street Journal, 20 June, 2007.)
Uaʻaeʻo Bear Stearns e kūʻai i nā puʻu kālā mai Merrill a me nā mea hāʻawi'ē aʻe no $ 3.2 biliona. Ua hōʻikeʻo ia i ka waihona kālā pale kālā no ka paleʻana i kona kaulana. (Source: "$ 3.2 Pākuʻi e neʻeʻia e Bear Stearns to Rescue Failed Hedge Fund," The New York Times, June 23, 2007.)
I Nowemapa 2007, hoʻopuka ka Wall Street Journal i kahi mea e hoʻopiʻi nei iā Bear's CEO. Ua'āhewaʻo ia iā James Cayne no ka hoʻokaniʻana i ke alahaka a me ka ipu kīʻahi ma mua o ka nānāʻana i ka mālamaʻana i ka hui. Ua hōʻeha hou kaʻatikala i ka inoa o Bear Stearns.
Ma ka lā 20 o Dekemaba, 2007, hoʻolahaʻo Bear Stearns i kona pōʻino mua i 80 mau makahiki. Ua lilo i $ 854 miliona no ka hapahā o ka makahiki. Ua hoʻolaha akuʻo ia i kahi $ 1.9 biliona i kākauʻia ma lalo o kāna mau moraki hoʻokele. Ua hoʻokahoʻo Moody i kāna aie mai A1 a A2. Ua paniʻo Bear ma luna o CEO Cayne me Alan Schwartz. (Source: "Bear Stearns Co." Ke New York Times.)
I Ianuali 2008,ʻo Moody's downgraded Bear i hoʻoili i nā moemoeke i kākoʻoʻia i B aiʻole ma lalo. ʻO ia ke kūlana hoʻopaʻa pilikino . I kēia wā, ua pilikiaʻo Bear e loaʻa i ke kālā ka mea e noho ai.
Bailout
Ma ka lā Poʻopoʻi, Malaki 10, 2008, manaʻoʻo Schwartz ua hoʻoholoʻo ia i ka pilikia o ka pā kālā. Ua hanaʻo ia me nā bankers o Bear e kākau i nā loina. Ua loaʻaʻo Bear i $ 18 biliona ma nā waihona kālā. (Source: "Ka laweʻana i nā hua'ōlelo stearns," Fairity Fair, August 2008.)
Ma Malaki 11, 2008, hoʻolaha ka Federal Reserve i kāna'ōlelo hoʻolaha Lending Securities. Hāʻawiʻo ia i nā kāleka e like me Bear i hōʻoia kālā. Akā, manaʻo nā mea kālā he mea ho'āʻo nui kēia e hoʻokuʻu aku i ka Bear. I ka lā hoʻokahi, ua hoʻokaeʻo Moody i ka MBS MB i nā kūlana B a me C. ʻO nā hananaʻelua i hopena i kahi kālepa kahiko kahiko ma Bear Bear. Ua huki nā mea kūʻai i kā lākou mau waihona a me kā lākou mau hoʻolimalima. (Source: "Ka Timeline o Bear Stearns Downfall,"ʻO Motley Fool, Malaki 15, 2013.)
Ma 7:45 pm i ka lā 13 o Malaki,ʻo Bear Stearns 'wale nō i $ 3.5 biliona i koe i ke kālā. Pehea i hana wikiwiki ai kēia? E like me nā wahi'ē aʻe o Wall Street,ʻo Bear i hilinaʻi i nā loina kū pōkole i kapaʻiaʻo nā pānaʻi kūʻai. Ua kūʻai akuʻo ia i kona mau palekana i nāʻauwai'ē aʻe no ke kālā. Ua hoʻokomoʻia kaʻaelike i kapaʻia he repo i kēlā me kēia wahi mai ka pō a hiki i kekahi mau pule. I ka pauʻana o ka repo, ua hoʻohuliʻo ke kāpena.
Loaʻa i ka mea hōʻolimalima i ka wikiwiki a me ka māmā 2-3 percent. Ua pale aku ka hemorrhaged i ke kālā i ka wā i kāheaʻia ai nā kapa'ē aʻe i ko lākou hoʻomaha a hōʻole e hāʻawi i ka mea hou aku. ʻAʻohe mea i makemake e pili i nā mau waiwai palekana o Bear.
ʻAʻole i nui ka kālā e loaʻa ai i ka Bear no kaʻoihana i ke kakahiaka aʻe. Ua noiʻo ia i kona kāleka,ʻo JP Morgan Chase, no kahi kālā $ 25 biliona i ka pō. Manaʻoʻo Chase Luna nuiʻo Jamie Dimon i ka manawa hou e huli ai i ka waiwaiʻo Bear ma mua o ka hanaʻana i kahi paʻa. Ua noiʻo ia i ke kāpenaʻo New York Federal Reserve e hōʻoiaʻiʻo i ka loiloi i hiki ai iā Bear ke wehe i ka Pōʻalima. Akā naʻe, ua hoʻopiliʻia ke kumukūʻai o Bear i ka wā i weheʻia ai ke kālepa i ka lā aʻe. (Source: "Ma loko o ka Fall of Bear Stearns," Ka Wall Street Journal, Mei 9, 2009.)
I kēlā hopena pule, uaʻikeʻo Chase i ka $ 236 miliona o Bear Stearns. ʻO ia wale nō ka hapalima o ka waiwai o kona hale poʻokela. No ka hoʻoponoponoʻana i ka pilikia, ua mālama ka Federal Reserve i kāna hālāwai o ka hālāwai kūikawā mua ma 30 mau makahiki.
Ua hāʻawi ka Fed i $ 30 biliona no Chase e kūʻai i ka Bear. Hiki ke hoʻololi i Chase ma ka hōʻai'ē ināʻaʻole nui nā waiwai o Bear no ka ukuʻana. Ma waho o ke kākoʻo o ka Fed, hiki i ka hāʻuleʻana o Bear Stearns ke hoʻolaha aku i nāʻauwai hoʻolālā'ē aʻe. ʻO kēia mau meaʻo Merrill Lynch, Lehman Brothers a me Citigroup. (Source: "JP Morgan Chase e hoʻolālā i ka makani Stardken Bear Stearns"ʻO ka Economist, Malaki 18, 2008. "Loaʻaʻole kaʻaiʻana i ka Debt Meltdown," Mish's Economic Trends Analysis, Malaki 17, 2008.)
Ka hopena
Ua hoʻomakaʻia ka hopena o Bear ma Wall Street. Uaʻikeʻo Banksʻaʻole iʻike kekahi i ka wahi i kanuʻia ai nā kuʻina hewa a pau i loko o nā kōpili o kekahi mau inoa koʻikoʻi ma kaʻoihana. Ua lilo kēia i mea pilikia i ka hoʻopiʻi kālā kālā , kahi i hōʻoleʻole ai nā kālepa e hāʻawi i kekahi i kekahi.
Chamen CEO Jamie Dimon e hoʻomanaʻo nei i ka kūʻaiʻana iā Bear Stearns aʻo kahi'ē i hāʻuleʻole, Washington Washington . Kū'ē nā ukuʻelua i $ 13 biliona i nā uku pili kānāwai. ʻO ka hoʻouluʻana i nā kumukūʻai kūleʻa o nā'ōleʻa o ka wā i kūʻai ai i kahi $ 4 biliona. ʻO ka meaʻoi loa o nā mea a pau, wahi a Dimon,ʻo ia ka lilo o ka manaʻo hilinaʻi kālā o ka poʻe kālā kālepa e like me kā Chase i hana ai ma Bear Bear. ʻO kēlā kumu kūʻai kumu kūʻai o Chase i nā makahiki heʻehiku. (Source: "ʻO Dimon Says Bear e Hoʻokiʻekiʻe i kahi Maʻemaʻe Idea," Post New York, April 9, 2015.)