May 27, 2008
News & Opinion: The train wreck that was Bear Stearns
Caption: "An August conference call fails to calm investors." On Tuesday May 27, The Wall Street Journal begins a three part analysis of the collapse of Bear Stearns.
Buffeted by the most treacherous market forces in a generation and hobbled by indecision, the firm's leaders missed opportunities that might have been able to save the 85-year-old brokerage.Part one was sad yet fascinating...I look forward to the next installment.