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The Vanity Fair narrative is much like the 3 part, in depth, article that ran in the Wall Street Journal. The WSJ article more clearly described the near death situation at Bear early in the week of March 9.
Jul 02 09:21 am
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All Comments by Gerry Sullivan »Another Flawed Bear Stearns Autopsy [View article]
The main difference in the two articles is that the WSJ reports and VF speculates. Conspiracy theories are most always make good copy.
It is the Vanity Fair conspiracy theory that is unproven.