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Bear Stearns Collapse

JPMorgan Being Probed Over Failed Bank's Role In Financial Crisis

Reuters | Posted 02.20.2013 | Business

By Karen Freifeld and Aruna Viswanatha (Reuters) - The U.S. Justice Department is investigating JPMorgan Chase & Co over allegations that Bear Ste...

Bear Stearns CEO: There's 'Not Much' I Would Have Done Differently

The Huffington Post | Khadeeja Safdar | Posted 03.01.2012 | Business

The former CEO of one of the Wall Street firms most synonymous with financial collapse says in retrospect that there's "not much" he would've done dif...

Somethin's in the air: What Happened to Scruples?

Lydia Fisher | Posted 10.15.2011 | Business
Lydia Fisher

If financial warfare is here to stay, doesn't it behoove those who run banks and nations to manage well as any one is vulnerable? And now that we've created this global financial hydra, and global world at large, how's it being managed and is it even possible?

Bear Stearns Emails Suggest Bank Sold Clients 'Sack Of Sh--'

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

A new lawsuit alleges fresh evidence of corruption at collapsed banking giant Bear Stearns. The lawsuit -- filed in 2008 by mortgage insurer Ambac As...

Shahien Nasiripour

Bear Stearns Execs Blame Outsiders For Firm's Failure | Shahien Nasiripour | Posted 05.25.2011 | Business

Pressed to admit that Bear Stearns's over-leveraged, subprime-fueled nature was responsible for the failed investment bank's eventual demise, three to...

Shahien Nasiripour

Former Bear Stearns Chiefs, Ignoring Firm's Faults, Blame Collapse On 'Unjustified', 'Irrational', 'Unfounded' 'Rumors' And 'Speculation' | Shahien Nasiripour | Posted 05.25.2011 | Business

The former chiefs of failed investment bank Bear Stearns plan to tell an investigative panel Wednesday that the firm's demise was due to nothing more ...

Bear Stearns Bailout Exposes Fed To Billions In Losses

Reuters | Posted 05.25.2011 | Business

The Federal Reserve has seen paper losses on real estate assets it acquired when it helped JPMorgan Chase & Co buy Bear Stearns, the Financial Times r...

Justice, or Revenge?

Michael Sigman | Posted 05.25.2011 | Home
Michael Sigman

"Revenge is a kind of wild justice; which the more man's nature runs to, the more ought law to weed it out." --Francis Bacon Late in the pre-Google ...

The Art Market -- One Year Later

Stephanie Adamowicz | Posted 05.25.2011 | New York
Stephanie Adamowicz

When the Dow closed above 10,000 points last week and the Frieze art fair opened in London, art market observers were presented with an opportune time to take stock.

Who Duped Rolling Stone Gonzo Reporter Matt Taibbi?

Diane Tucker | Posted 05.25.2011 | Business
Diane Tucker

Taibbi, Rolling Stone magazine's teen heartthrob, became a sensation last month after calling Goldman Sachs "a giant vampire squid wrapped around the face of humanity."

Jimmy Cayne's Profanity-Laced Tirade Against Geithner

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

Here's former Bear Stearns CEO Jimmy Cayne's view on Fed Chair Timothy Geithner: "This guy thinks he's got a big d--. He's got nothing, except maybe ...

Book: The Secret History Of Bear Stearn's Boiler Room

Mar. 3, 2009 | William D. Cohan | Posted 05.25.2011 | Business

NEW YORK (Fortune) -- Years from now, when academics search for causes of the stock market crash of 2008, they will focus on the pivotal role of mortg...

New York Psychiatrist Uses Verbal Abuse On Wall Street Clients

The Daily Beast | Dr. Stephen Josephson | Posted 05.25.2011 | Business

A New York psychiatrist says caustic verbal abuse is the best treatment for traumatized Wall Street jocks. Last week the bottom dropped out of the fi...

Hedge Funds Poach Talent From Weakened Investment Banks Like Bear Stearns

DealBook | Posted 05.25.2011 | Business

Hedge funds are on a hiring binge, taking advantage of cutbacks at investment banks. Star traders, senior executives and whole teams have been recruit...

Jeffrey Epstein, Billionaire Charged With Teen Sex Solicitation May Have Lost $57M Thanks To Bear Stearns Mess

New York Post | Posted 05.25.2011 | Business

As if he doesn't have enough problems with the sleazy sex charges against him, it turns out billionaire investor Jeffrey Epstein was one of the bigges...

Jeffrey Epstein, Billionaire Charged With Teen Solicitation, Goes To Jail (VIDEO)

CNBC | Vicky Ward | Posted 05.25.2011 | Business

Billionaire Jeffrey Epstein is going to jail on sex charges, and Vicky Ward, a CNBC contributor, discusses the details....

Did Bear Stearns Execs Cioffi, Tannin Lie To Wall Street, Too?

BusinessWeek | Matthew Goldstein and David Henry | Posted 05.25.2011 | Business

Federal prosecutors may not be done with former Bear Stearns hedge fund managers Ralph Cioffi and Matthew Tannin, who were charged on June 18 with ly...

Matthew Tannin: Bear Stearns Former Manager Indicted In Mortgage Sweep

Brigitte Bradford | Posted 05.25.2011 | Business

Below is some information on Matthew Tannin, one of the two former Bear Stearns executives indicted today in the FBI's "Operation Malicious Mortgage."...

Ralph Cioffi: Bear Stearns Former Manager Indicted In Mortgage Crackdown

Brigitte Bradford | Posted 05.25.2011 | Business

Below is information on Ralph Cioffi, the former Bear Stearns manager, who was arrested on Thursday and charged with securities fraud and various cha...

Bear Stearns Executives Ralph Cioffi, Matthew Tannin Indicted... FBI Announces "Operation Malicious Mortgage"

AP | TOM HAYS | Posted 05.25.2011 | Business

Two former Bear Stearns managers have been arrested, federal authorities said Thursday, becoming the first executives to face criminal charges in the ...

Bear Stearns Bankers Getting Paid To Literally Do Nothing

NY Mag | Arianne Cohen | Posted 05.25.2011 | Business

Don't feel too sorry for the soon-to-be-laid-off employees at Bear Stearns: Right now they're getting paid to do nothing. "I'd say 50 percent of my de...

Wall Street Shows Optimism That Crisis Is Fading

New York Times | MICHAEL M. GRYNBAUM | Posted 05.25.2011 | Business

Stocks started the second quarter with a soaring rally on Tuesday that sent the Dow Jones industrial average up nearly 400 points, its best performanc...

Bear Stearns' Cayne Sells Once-$1 Billion Stake For $61 Million

AP | JOE BEL BRUNO | Posted 05.25.2011 | Business

NEW YORK — Bear Stearns Cos. Chairman James Cayne dumped his entire stake in the embattled investment bank for $61 million as it appears closer ...

Goldman Sachs: Wall St. May Face $460B In Losses

Bloomberg | Zhao Yidi | Posted 05.25.2011 | Business

Wall Street banks, brokerages and hedge funds may report $460 billion in credit losses from the collapse of the subprime mortgage market, or almost fo...

JPMorgan In Secret Talks To Quintuple Bid For Bear Stearns

New York Times | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

JPMorgan Chase was in talks on Sunday night for a deal that would quintuple its offer for Bear Stearns, the beleaguered investment bank, in an effort ...