Tag Archives: bear stearns

Bear Stearns & Fraud

From NY Times: Whatever the outcome, the case spotlights one of the most vexing problems confronting Wall Street as the credit crisis plays out: How to value tricky investments linked to subprime mortgages and other risky debt. As the mortgage … Continue reading

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Former Bear Stearns Managers Charged

NEW YORK — Two former Bear Stearns hedge fund managers were hauled into jail Thursday and charged with lying to investors about the collapse of the subprime mortgage market, perhaps signaling the start of a wave of prosecutions arising from … Continue reading

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FBI Arrests 300 For Mortgage Fraud

It would be nice to have villains to blame for the subprime meltdown. Surely there are some bad guys we can point our fingers at? It’s not us, it’s them! WASHINGTON (AP) — The FBI says it has arrested about … Continue reading

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The Fed & Commercial Bank Lending

From the New York Times: "I think it should stay available to the banks and investment banks — the primary dealers. It’s important that it does stay available," Thain said at a Wall Street Journal dealmakers conference in New York. … Continue reading

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Regulating Derivative Trading

From the New York Times: The Federal Reserve moved Monday to overhaul the financial apparatus behind derivatives trading, a regulatory step intended to assure that the failure of a major bank or investment firm would not create the systemic threat … Continue reading

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Wall Street Trouble Over Mortgages

From the New York Times: David Einhorn thinks another big Wall Street bank is headed for trouble — and he is not being quiet about it. For eight months now, Mr. Einhorn, a rabble-rousing hedge fund manager, has pilloried the … Continue reading

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Bear Stearns Wiped Out By Mortgage Mess

From Fortune: Shareholders of the New York-based brokerage firm voted Thursday to approve JPMorgan Chase’s $2.2 billion all-stock acquisition of Bear. The outcome was no surprise: JPMorgan (JPM, Fortune 500) already owned almost half of Bear Stearns’ stock outright, and … Continue reading

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Refinance and the Fed

From the New York Times: WASHINGTON — Over a frantic weekend in mid-March, Ben S. Bernanke rewrote the rule book as chairman of the Federal Reserve. Timothy F. Geithner, president of the Federal Reserve Bank of New York, and a … Continue reading

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The Mortgage ‘Crisis’

William M. Isaac writes in the WSJ: The meltdown in the subprime mortgage market has caused a great deal of turmoil in the financial markets and hardship for individual homeowners and financial institutions. If there is a banking crisis, I … Continue reading

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Gambling On GSEs

David Smith writes: Senator Martinez is right — it is a big gamble, Treasury-backed, but far from the only such gamble Treasury’s taken lately.  Banking on value, the Fed has lent $200 billion into the securities system, and arranged a … Continue reading

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