What Happened to Bear Stearns?

28 March 2008

Our capitalistic society was brought to its knees last week.  Bear Stearns, the fifth largest investmentWall_st bank in the US, collapsed – quickly and suddenly.  This was not some dot-com concept company from the early 2000s with no revenue and lots of hopes and dreams.  This was a legitimate Wall St. player with decades of tradition, thousands of employees, billions of dollars in business dealings.

Even some self proclaimed financial experts have trouble explaining exactly what happened to Bear Stearns.  Portfolio.com sums it up quite well in this post.

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