The Next Bear Stearns (at Motley Fool)
                   
yahoo.com     Jul 1, 2008            

By Rich Greifner July 1, 2008 Comments (0) On Monday, March 10, shares of Bear Stearns declined 11% on rumors of a potential liquidity crisis. CEO Alan Schwartz maintained that "Bear Stearns' balance sheet, liquidity, and capital remain strong." Former CEO and current Bear board member Alan "Ace" Greenberg dismissed the liquidity rumors as "totally ridiculous." The stock closed that day at $62.30. You know what happened next. On Sunday, March 16, JPMorgan Chase struck a deal to buy the beleaguered investment bank -- for $2 a share. JPMorgan subsequently raised its offer, ultimately buying out Bear for $9.35 per share. This startling chain of events has caused investors to ask three questions: How can I prevent something like this from happening in the future? "Ace" is a really sweet nickname! How can I get people to call me... [read full story]                    


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UPDATE - Fed's Stern says vital for GSEs to keep operating (at Reuters)

yahoo.com     15 mins ago   2 related          

WASHINGTON, Aug 20 (Reuters) - Struggling U.S. mortgage finance giants Fannie Mae (FNM.N: ) need to keep operating, and recent government steps to offer them support were "appropriate," Minneapolis Federal Reserve Bank...                    

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Too Big to Fail, Too Big to Bail (at Motley Fool)

yahoo.com     1 hr ago          

It's a tough time to be Ben Bernanke or Hank Paulson. Bear Stearns, Freddie Mac (NYSE: FRE), and Fannie Mae (NYSE: FNM) are just the most recent examples. Bernanke was spot-on when he recently said, "The truth is that the...                    

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When Your Stocks Turn Into Lottery Tickets (at Motley Fool)

yahoo.com     1 hr ago          

Nearly everyone has suffered in this bear market. But the credit crunch has put many investors in a position where they've lost nearly everything on particular stocks. When you've already seen losses of 80%, 90%, or more on a...                    

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Wall Street's jobless try cupcakes, cheap haircuts, maybe even Nebraska

iht.com     2 hrs ago          

By Caroline Salas and Pierre Paulden Bloomberg News Jessica Walter did not go to Harvard University to study cupcakes, but they are what she does since losing her job as a vice president for credit strategy at Bear Stearns. "I...                    

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