Bear Stearns Deal Not Going The Way The Fed Hoped For
Read the full article: http://www.money-rx.com/blog/2008/03/sec-fires-bear-stearns-...
Why Bear Stearns shares rising up is a bigger problem than it looks. Also, Bear Stearns head honcho Alan Schwartz has an overflowing cup of woes. Forbes - SEC planning investigation and potential inquiries. Reuters - Bear Stearns Cos Inc Chairman James Cayne and top shareholder Joe Lewis are quietly searching for another bidder. New York times - JPMorgan's executives clashing for control of day-to-day management with shell-shocked Bear Stearns employees.
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