Brokerage firm Bear Stearns has the nations full attention, after announcement of their deal with JP Morgan. The problem lies in Bear credit, as they have basically run out of short term lenders.Here is a short list of some articles online, that discuss the recent Bear Stearn situation.
Bear Stearns' No. 1 foe: Fear itself
The brokerage firm says its fundamentals are intact, but can it survive a market panic?
By Roddy Boyd and Colin Barr
Hedge Fund Woes video from CNN Money
This big rescue may be just the beginning
By Tom Petruno,
Los Angeles Times Staff Writer
March 15, 2008
""We will lose, in some form, several major financial institutions before this is over," said veteran economist Allen Sinai of Decision Economics Inc. in New York.
The heart of the problem is that the nation is living through an unwinding of a 25-year-long, consumer-led borrowing binge. Bear Stearns was a key player in financing that binge, most notably in high-risk mortgages."
Bear Essentials
Wall Street Journal
Just once we'd like to see what would happen if a big bank did fail, but the current general market panic arguably isn't the best time to have that experiment. Presumably Bear will now be shopped to private buyers.
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