BEAR CEO'S LINE HELPS NONE OF US
Summary from United States, from articles in English
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April 6, 2008 IT was a run on the bank was the simple explanation Bear Stearns CEO Alan Schwartz gave Congress and the American people for the $29 billion train wreck that used to be the nation's No. 5 investment bank. (article 4)
No apology for Bear's egregious use of leverage, no acknowledgement of its decidedly wrong-headed bets on every part of the mortgage market, only excuses. (article 4)
The firm went under because of rumor mongering by short sellers looking to cash in on its demise, and the firefighters from the Fed didn't arrive soon enough. (article 4)
No, not a re-vote of the broken Democratic primaries, but a do-over of the badly bungled salvage operation of Bear Stearns. (article 1)
That's the record amount of money Wall Street's top five firms - Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers and Bear Stearns - paid out in compensation and bonuses last year to their 186,000 employees. (article 1)
On Friday, JPMorgan announced its first top-level management jobs since the banks initially reached their agreement to merge on March 16. (article 3)
Options Group, a financial recruitment and consulting firm, started getting resumes from Bear employees " the Sunday the $2 share offer was announced said Michael Karp (article 3)
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Event tracking:
Story keywords
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Bear, Stearns, JPMorgan, billion, firm |
Source articles
- BERNANKE BUNGLED BEAR'S BAILOUT (NY Post, 04/08/2008, 506 words)
- Related article (topics.nytimes.com, 04/08/2008, 349 words)
- Related article (Washington Post, 04/06/2008, 472 words)
- BEAR CEO'S LINE HELPS NONE OF US (NY Post, 04/08/2008, 288 words)
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