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Memo to Wall Street: more Ace Greenberg please

July 25, 2014

The onetime Bear Stearns boss, famed for his pithy missives to staff, has died at 86. Though he was no longer in charge, the firm’s 2008 collapse is a notable blemish on an otherwise illustrious career. The industry could use more of Greenberg’s scrappy PSD: poor, smart, driven.

Maybe Jamie Dimon wasn’t so clever with Bear

October 2, 2012

JPMorgan’s CEO looked shrewd four years ago by sticking the Fed with the collapsed investment bank’s worst-looking mortgage assets before agreeing to buy it. Not only did those securities wind up making money, but New York’s top lawman just showed how Bear’s legal risks persist.

Greek rescue echoes Bear Stearns, sort of

February 12, 2010

Is Greece a sovereign version of Bear Stearns? The world had better hope not. But it's tempting to draw parallels between an incipient Hellenic bailout and the rescue of Wall Street's biggest outlier.

Bear verdict should cheer Wall Street

November 10, 2009

The quick verdict by a federal jury in Brooklyn will send a chilling message to other prosecutors looking to hold Wall Street executives responsible for the events that sparked the Great Recession

Bear is the securities case worth watching

October 29, 2009

The financial world remains abuzz over the latest twist and turns in the insider-trading case involving Galleon Management co-founder Raj Rajaratnam. At the same time, too little attention is being paid to the criminal trial of two former Bear Stearns hedge fund managers.

Bear haunts insider case

October 23, 2009

The ghost of Bear Stearns is still haunting Wall Street. Nineteen months after Bear Stearns collapsed, one of its former hedge funds, New Castle Funds, is at the center of a huge insider trading case that has ensnared Raj Rajaratnam and his onetime $5 billion Galleon Management fund.

Fed becomes reluctant landlord

October 7, 2009

The Federal Reserve's ballooning balance sheet is turning into something of a legal morass. Some of the $29 billion in troubled securities and loans the Fed took on from Bear Stearns as part of last year's rescue is starting to give rise to lawsuits.