Tuesday, March 18, 2008

Fall of Bear Stearns

New York magazine has a quickie guide to the fall of Bear Stearns.

Larry Kudlow weighs in on whether it was avoidable.

More from Business Week on why its stock is rising.

2 comments:

Jeff said...

While those of us who are members of the great unwashed drown in this economy, Bear Stearns is saved to the tune of about 30 billion (PS - about 20 billion more than was offered to rebuild New Orleans). As a trader relative of mine said, Bear Stearns was too big to be allowed to collapse.
Was it Henry Ford who said if you're going to steal, steal big?

Eclecticity said...

LOVE the NY Magazine reference. Thanks!

Wasn't is said some time ago: Someone fiddled while Rome burnt?

Everything changes and nothing changes.