Gawker (Free subscription) | 07/01/2008
CNBC's rumor-mongering on March 10 about Bear Stearns' liquidity crisis may have ultimate brought down the investment firm. Or so writes Bryan Burrough in the August issue of Vanity Fair, adding that...
"GroundReport (Free subscription) | 07/01/2008
The views expressed in this article are not necessarily the endorsed by AFL-CIO or GroundReport.com By Jeff Crosby “We just lost a big chunk of our retirement,” grumbled more than one person down at the Union Hall last week, when General Electric Co. (GE) stock tumbled. “I got two houses on my street under foreclosure already,” added Pete Capano, a resident of Lynn, Mass. We are entering the fear stage...
Seeking Alpha (Free subscription) | 06/24/2008
Paul Kedrosky submits: Nice graph from the FirstRain research service showing employee turnover trends at Google and Yahoo over the last year. Red denotes turnover-related losses, and green denotes gains. While both companies have seen losses, the level at Yahoo -- especially in recent weeks -- is daunting. Just by way of comparison, I have also included the recently-deceased Bear Stearns, whose losses...
Business Report (Free subscription) | 06/20/2008
E-mails, witness statements and a money trail may help convict two former Bear Stearns managers accused of lying to investors and lenders about two US hedge funds that imploded, according to legal analysts.
New York Supreme Court Criminal Ter (Free subscription) | 06/20/2008
Source: Crime and Justice News, June 20, 2008. "Last year, as the mortgage market came unglued, two Bear Stearns executives shared their growing fears in a series of e-mail messages to each other about the perilous condition of the giant hedge funds they oversaw, says the New York Times. Ralph Cioffi and Matthew Tannin presented an upbeat picture to worried investors without disclosing that the two...
The Corner (Free subscription) | 06/09/2008
John McCain has a new website up -- the McCain Report -- and today they have a doozy of an item, with Senator Obama grossly contradicting himself: Obama today: 'It took [McCain] three different tries to figure it out, and in the end, his plan does nothing to help 1.5 million homeowners who are facing foreclosure, even as he supported spending billions to bail out Wall Street.' Obama on the CBS Evening...
Futurelab (Free subscription) | 06/06/2008
by: Scott GoodsonFirst there was Bear Stearns. Now, James West suggests that Lehman Brothers - that venerable institution, that’s been in business since 1850, may fall in a Bear Stearns-like meltdown.Diane Hinton, an analyst at Standard & Poor's, said: `We're...
The Muqata جميل في المقاطعة (Free subscription) | 06/01/2008
From the Gabbai of the Bear Stearns daily mincha minyan... From: Savit, Robert Sent: Friday, May 30, 2008 11:11 AM To: Goldenberg, Avi Subject: Bear Minyan - Hatzlacha vBracha To the Bear Stearns Minyan, one last time: After two great years at the Bear, and having been observant for about the same amount of time, I have chosen to exit galus and the world of gashmius (at least temporarily) in order...
Forte Financial Blog (Free subscription) | 05/29/2008
The final installment of the Wall Street Journal's three part series on the fall of Bear Sterns is on the front page of today's paper. All three parts are online here: Part One: Missed Opportunities As the firm's fortunes spiraled...
AFL-CIO Weblog (Free subscription) | 04/30/2008
IUE-CWA Local 201 Executive Board member and Ward 6 Councilor Pete Capano on the porch of one of two houses on his street that are under foreclosure. Alley Street is part of the historic “Brickyard” neighborhood of Lynn, Mass., home to waves of shoe workers, GE workers and new immigrants for the past 150 years. “We just lost a big chunk of our retirement,” grumbled more than one person down at the...
Seeking Alpha (Free subscription) | 04/29/2008
David Merkel submits: I find it interesting that some former senior people at the Fed are breaking the “code of silence.” I don't mean that those that leave the Fed go totally silent, but they are usually supportive of the current Fed if they speak. Even Greenspan, who pushes his own legacy, is largely supportive of Bernanke. But with Volcker speaking out, others are emboldened, like Vincent Reinhart...
The Real Estate Bloggers (Free subscription) | 04/22/2008
General Electric (GE) has long been a bellweather for the economic state of the US economy. So when they missed on their earnings it sent a shockwave through the financial markets. But the reason they missed was due to Bear Sterns meltdown in mid March. GE always keeps some real estate in it's pocket that has [...]
TheSpoof.com - Spoof News (Free subscription) | 04/14/2008
Several employees of the financial management firm Bear Stearns & Co. have come forward to lay blame for it's banking meltdown on one particular individual; the company librarian.
Man on the Street 64 (Free subscription) | 04/08/2008
George Soros speaks to the Financial Times about his views on the credit crunch, recession, and the Fed's rescue of Bear Sterns. He mentions the credit default swap market which is the "Damocles Sword overhanging the financial markets". "CDOs were a very important consideration by the Fed that they had to bail out Bear Sterns. Apparently Bear had about $2.5 trillion CDO contracts outstanding ." click...
Scripting News (Free subscription) | 04/07/2008
First, a caveat, I am far from a financial expert, so I may have some of this wrong, if so, please set me straight. The cable news shows didn't do a good job of covering the Fed's bailout of Bear Sterns, and as a result there's a misunderstanding about whether it's good or bad. It is, imho, an unqualified good thing because it saved us from a run on the banks, something we haven't seen since the Great...
