.crazylegs..

Another Flawed Bear Stearns Autopsy

What really happened to Bear? Well when Carlyle had problems with one of their hedge funds, Bear was the only brokerage that tried to screw them by not allowing them to unwind positions orderly. Well, Carlyle got them back by shorting their stock, spouting rumors, then issuing novation requests for some of their trades with Bear. Once people heard Bear was having issues settling a few trades, it cascaded and the run on the bank was on. This guys here is a joke.

Batten Down the Hatches

plus, JPM still gets Bear's office building in Manhattan if the deal doesn't go through. this is like BSC paying JPM a few bucks to take the firm off their hands. crazy stuff out there no matter what inning we are in.