Bear Stearns pair to face charges?
Wednesday, June 18th, 2008Two traders behind the Bear Stearns bank collapse are facing fraud charges
Two traders behind the Bear Stearns bank collapse are facing fraud charges
All eyes are on the US bank Lehamn Brothers. And people are asking whether this is the next Bear Stearns.
A former Fed official Vincent Reinhart has slammed the Fed’s bailout of Bear Stearns, describing it as the "worst policy decision in a generation"
Sphere: Related ContentWho is to blame for Bear Stearns? The company says it’s the media’s fault
Shockwaves from the US Government backed sale of Bear Stearns continue with the Senate launching a probe into how much risk is passed on to taxpayers
Sphere: Related ContentThe Fed’s bailout of Bear Stearns raises questions about moral hazard.
Sarbanes-Oxley could not stop Bear Stearns from imploding. It did not protect investors. And the investment bank’s implosion has raised serious questions about the Securiities and Exchange Commission and the Federal Reserve
Sphere: Related ContentBear Stearns’ annus horribilus has just got worse with Barclays Bank suing the Wall Street firm, claiming it used two hedge funds that collapsed last summer as places to unload troubled assets.
Sphere: Related ContentSo Bear Stearns shares are up after it was revealed that China Citic Group wants to buy a stake in the troubled US investment bank. But what about the insider trading risk when you have an entity owned by the Chinese government playing the market?
Sphere: Related ContentThe market seems to be bracing itself for the next shoe to drop with the two Bear Stearns hedge funds which had bet big on subprime mortgage sector now virtually worthless. As fed chief Ben Bernanke has indicated, things are going to get worse before they get better.
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