Allegations are surfacing that rumors about BSC and LEH a few weeks ago were started by short sellers trying to crack the stocks. Was it just collective panic induced by fear of volatile markets and frozen credit lines? Or, was there more malicious intent out there? Maybe it's just Bear Stearns execs crying because they've just had their net worths burned to the ground.

Wall Street rallied Tuesday, the first day of the second quarter, on news that two banks slammed by the credit crisis are working to raise cash and that U.S. manufacturing is faring better than expected. The Dow Jones industrial average soared more than 220 points.