Remember Bear Stearns?
I have a bloggingheads diavlog with William Cohan, who’s out plugging his new book on the collapse of Bear Stearns. Of course we talk about subsequent collapses too, like Lehman and AIG, and what caused them, and whether it’s possible to prevent them. At least we know from Lehman and AIG that the Bear collapse wasn’t entirely a function of the fact that Jimmy Cayne spent too much time playing bridge.
Reprinted from Portfolio.com