+Vote!
RssDaily (Free subscription) | yesterday
From the Journal 's Anton Troianovski , in a story about slumping office rents nationwide: "In New York, Monday Properties Chief Executive Anthony Westreich is looking to fill a 70,000 square-foot floor being vacated by former financial-services firm Bear Stearns Cos., acquired in a shotgun marriage last year by J.P. Morgan Chase & Co." We're guessing the floor is in 237 Park Avenue, where, in a much...
+Vote!
Tzvee's Talmudic Blog (Free subscription) | 06/01/2009
I've been getting direct calls and emails from good and sincere people who are livid about the scale and pervasiveness of corruption in the Jewish community in particular and in the financial community at large. They want to know what they can do about it. I really don't want to think right now about the ramifications of pervasive evil. It hurts me to consider that side of human society. But after...
+Vote!
Detroit Free Press (Free subscription) | 5 hours ago
LANSING -- Michigan will lead a class-action lawsuit against investment bank Bear Stearns over losses to state pension funds and other investors.
+Vote!
gary-weiss.com (Free subscription) | yesterday
That's the subject of my latest Portfolio article, which is online here. In the context of an in-depth profile of John Paulson, I discuss the role of short-selling in the recent calamity. Note Jim Chanos's account of a conversation that he had with Alan Schwartz of Bear Stearns just before Bear went belly-up. According to Chanos, Schwartz tried to get him to go on CNBC to say that "everything's
+Vote!
EatingStock.com (Free subscription) | yesterday
Yesterday, Bank of America (BAC) said it would miss its 2008 numbers. There has been a good deal of talk that Jamie Dimon will be pulled of his thrown at JPMorgan (JPM) once the integration of Bear Stearns and write-off of consumer and business credit start to hit its earnings. No one in the banking industry [...]
1Vote!
O'Reilly Radar (Free subscription) | 06/01/2009
It's nice to be back after the holidays. I just watched a series of short videos from the Wall Street Journal's Digital Network. The series is called the "End of Wall Street". It is a short oral history of the past year since the demise of Bear Stearns and the current crisis. It ends with a part called "What Happens...
+Vote!
Zandar Versus The Stupid (Free subscription) | 06/01/2009
CNN has calculated the current cost of the bailout from Bear Stearns to Obama's simulus package and come up with eight trillion dollars . "Monetary stimulus alone is not enough - it must be combined with fiscal stimulus if you want more bang for your buck," he noted. But the new program, which Obama aides have said could total $775 billion, will also weigh heavily on the ballooning federal deficit....
+Vote!
CNN (Free subscription) | 06/01/2009
There was $29 billion for Bear Stearns, $345 billion for Citigroup. The Federal Reserve put up $600 billion to guarantee money market deposits. All told, the price tag so far: $7.2 trillion. Now comes President-elect Barack Obama's economic stimulus plan. The bill is getting awfully close to $8 trillion.
+Vote!
News Beast (Free subscription) | 06/01/2009
There was $29 billion for Bear Stearns, $345 billion for Citigroup. The Federal Reserve put up $600 billion to guarantee money market deposits. All told, the price tag so far: $7.2 trillion. Now comes President-elect Barack Obama's economic stimulus plan. The bill is getting awfully close to $8 trillion.
1Vote!
The Huffington Post (Free subscription) | 05/01/2009
Jamie Dimon is in the hot seat. You wouldn't know from the endless glowing press accounts he's received for steering JP Morgan Chase fairly clear of the sub-prime debt crisis that has already taken out two firms--Bear Stearns and Lehman Brothers--and forced the federal government to bailout the once mighty Citigroup with billions in aid and other measures. But Dimon is feeling that heat, nonetheless,...
+Vote!
Docuticker (Free subscription) | 03/01/2009
SEC’s Oversight of Bear Stearns and Related Entities: Consolidated-Supervised Entity Program (PDF; 47.8 MB) Source: U.S. Securities and Exchange Commission, Office of Inspector General This memorandum transmits the Securities and Exchange Commission, Office of Inspector General’s (OIG) final report detailing the results of our audit on the SEC’s Oversight of Bear Stearns and Related Entities: The [...]...
+Vote!
Global Financial News (Free subscription) | 03/01/2009
Filed under: Goldman Sachs Group (GS) , Lehman Br Holdings (LEH) , Bear Stearns Cos (BSC) , Federal Reserve March 18: Dow 12,392 (up 420 points); trading range, 435 points Just one day after the collapse of Bear Stearns, the market rallied on a 75-basis-point Fed rate cut and better-than-expected earnings reports from Goldman Sachs (NYSE: GS ) and Lehman Brothers (OTC: LEHMQ ). Looks like someone...
