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:

At 4:59 AM, Anonymous 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?

 
At 5:38 AM, Blogger 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.

 

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