The Fall of Bear Stearns

Thursday, May 29, 2008 | 11:30 AM

If you haven't read the Kate Kelly's fantastic 3 part WSJ series about the Fall of Bear Stearns, you are missing out. (I cannot wait for the book!)

These are simply fascinating reading:

Part One: Missed Opportunities As the firm's fortunes spiraled downward, executives squabbled over raising capital and cutting its inventory of mortgages.
Part Two: Run on the Bank Executives believed they were about to turn a corner, but rumors and fear sent clients, trading partners and lenders fleeing.
Today: Deal or No Deal? The Fed pressured Bear Stearns to sell itself, but a misstep in the hastily drawn agreement nearly scuttled the deal.

Kudos to the WSJ editors for making the series available to the public.

Video:

 



Sources:
Lost Opportunities Haunt Final Days of Bear Stearns
KATE KELLY
WSJ May 27, 2008; Page A1
http://online.wsj.com/article/SB121184521826521301.html   

Fear, Rumors Touched Off  Fatal Run on Bear Stearns   
KATE KELLY
WSJ, May 28, 2008; Page A1
http://online.wsj.com/article/SB121193290927324603.html

Bear Stearns Neared Collapse Twice in Frenzied Last Days
KATE KELLY
WSJ, May 29, 2008; Page A1
http://online.wsj.com/article/SB121202057232127889.html

Thursday, May 29, 2008 | 11:30 AM | Permalink | Comments (21) | TrackBack (0)
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Hey Barry,
Link problem at the top of page. Links right in citations at bottom.
surya

Posted by: surya | May 29, 2008 12:28:53 PM

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