The last days of Bear Stearns

[lonestar2000]

An early, but still excellent analysis about the events that caused Bear’s demise. I wonder how likely it is for this scenario to repeat at other investment firms in the coming days.

Fiction writers could not make this stuff up in a hundred years. A truly amazing read:

http://money.cnn.com/2008/03/28/magazines/fortune/boyd_bear.fortune/index.htm?postversion=2008033114

[GoUSC]

I love the quote from the guy at the end who worked eight years and now couldn’t send his kids to school because the stock tanked… So let me get this straight, in those eight years when he was pulling down $150k/yr at least and getting bigtime year end cash bonuses (plus stock) he never saved any of it?

Boo #$*()$ hoo.

[GoUSC]

I love the quote from the guy at the end who worked eight years and now couldn’t send his kids to school because the stock tanked… So let me get this straight, in those eight years when he was pulling down $150k/yr at least and getting bigtime year end cash bonuses (plus stock) he never saved any of it?

Boo #$*()$ hoo.

[GoUSC]

I love the quote from the guy at the end who worked eight years and now couldn’t send his kids to school because the stock tanked… So let me get this straight, in those eight years when he was pulling down $150k/yr at least and getting bigtime year end cash bonuses (plus stock) he never saved any of it?

Boo #$*()$ hoo.

[GoUSC]

I love the quote from the guy at the end who worked eight years and now couldn’t send his kids to school because the stock tanked… So let me get this straight, in those eight years when he was pulling down $150k/yr at least and getting bigtime year end cash bonuses (plus stock) he never saved any of it?

Boo #$*()$ hoo.

[GoUSC]

I love the quote from the guy at the end who worked eight years and now couldn’t send his kids to school because the stock tanked… So let me get this straight, in those eight years when he was pulling down $150k/yr at least and getting bigtime year end cash bonuses (plus stock) he never saved any of it?

Boo #$*()$ hoo.

[AK]

I love this quote:

“It’s a reminder that in a business based on confidence, when that confidence evaporates, so does the business.”

[AK]

I love this quote:

“It’s a reminder that in a business based on confidence, when that confidence evaporates, so does the business.”

[AK]

I love this quote:

“It’s a reminder that in a business based on confidence, when that confidence evaporates, so does the business.”

[AK]

I love this quote:

“It’s a reminder that in a business based on confidence, when that confidence evaporates, so does the business.”

[AK]

I love this quote:

“It’s a reminder that in a business based on confidence, when that confidence evaporates, so does the business.”

[Author]

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