sammyg123

Bear Stearns Buyout: Don't Panic - Initial Reactions Look Overdone

If you have cash in large, heavily leveraged brokerage firms, do yourself a favor and move it out - especially if you have money in Lehman. They are over-leveraged and no matter what they say about how strong their balance sheet is, it's not. I wonder if they will tell the truth about their exposure to Carlyle Group, which fell right before Bear Stearns failed?