Financial

Vanity Fair is running a lengthy piece on the events leading to the collapse of Bear Sterns. It’s worth reading:
Bringing Down Bear Stearns: Politics & Power: vanityfair.com
On Monday, March 10, the rumor started: Bear Stearns was having liquidity problems. In fact, the maverick investment bank had around $18 billion in cash reserves. But soon [...]

Tagged as: Banking, Financial, Vanity Fair

{ }