Got feedback on the new design? We're Listening! Send us Feedback

Bringing Down Bear Stearns »

Posted by: _kam0_ 1 month, 4 weeks ago

4.5

Scale of 1 to 10

Read: 52

Propped: 19

Comments: 1

Click Prop It to Raise Score

Prop it

On Monday, March 10, the rumor started: Bear Stearns was having liquidity problems. In fact, the maverick investment bank had around $18 billion in cash reserves. But soon the speculation created its own reality, and the race was on to keep Bear's crisis from ravaging Wall Street.

Read Full Story at vanityfair.com

Join the Discussion

+ Add Comment

Comments So Far: 1

0%
berkeley1 month, 4 weeks ago

the savings and loan thefts of the 80's still get first place, but bear stearns might rate Second. will anyonce end up in court for this?
Reply