CEO James Cayne has been the chief executive officer of The Bear Stearns Cos since 2001. He is 71 years old. Follow Mr. Cayne and The Bear Stearns Cos in the news and blogs or share your own opinion about the company and its leadership.
WASHINGTON (MarketWatch) -- Sen. Chris Dodd, Democrat of Connecticut and chairman of the Senate Banking Committee, said he doesn't intend to "second guess" the Federal Reserve's and Treasury Department's decision to rescue Bear Stearns Cos. Dodd is chairing a hearing of the events surrounding the Bear Stearns bailout. "I think they made the right decision," Dodd said in an interview on Bloomberg TV. On March 14, the Fed stepped in and effectively put a force field around Bear Stearns' assets... Read Full Story
By Craig Torres April 3 (Bloomberg) -- New York Federal Reserve Bank President Timothy Geithner said capital markets are still ``substantially impaired'' and policy makers and financial industry leaders must ``act forcefully'' to stem the crisis. ``What we were observing in U.S. and global financial markets was similar to the classic pattern in financial crises,'' Geithner said in his prepared testimony to the Senate Banking Committee. He cited ``a self-reinforcing downward spiral'' of asset... Read Full Story
Lawmakers questioning regulators' actions in bailout By Robert Schroeder , MarketWatch Last update: 11:17 a.m. EDT April 3, 2008 WASHINGTON (MarketWatch) -- U.S. securities rules did their job in protecting customers of Bear Stearns during the company's liquidity crisis last month, the chairman of the Securities and Exchange Commission said Thursday, as lawmakers opened a hearing about the U.S. response to the crisis. "Despite the run on the bank to which Bear Stearns was subjected, its... Read Full Story
Bear Stearns CEO Alan Schwartz was in the hot seat on Capitol Hill as lawmakers review rescue plan. In the days leading up to the fire sale of investment bank firm Bear Stearns, the company was the topic of rumors, speculation and fear that led the venerable Wall Street firm to the brink of ruin.
Bear Stearns CEO Alan Schwartz, testified about those uncertain days before the Senate Banking Committee.
Bear Stearns , Ben Bernanke , Federal Reserve , mortgage news , Mortgage... Read Full Story
As has happened so many times in the past, the CEO of Bear Stearns lied, Jim Cramer lied. The Fed helped out their buddies at JP Morgan. Never forget that JP Morgan himself was instrumental in helping set up the FED in the first place. One day we will know the truth about this sweetheart deal that screwed over so many employees & stockholders of Bear Stearns. When will CNBC come to its senses and fire Jim Cramer ? How many bad picks does he have to make ? How many lives does he have to ruin ? Read Full Story
Stock price suggests J.P. Morgan bid may be put off until market calms down By Alistair Barr , MarketWatch Last update: 6:23 p.m. EDT March 17, 2008 SAN FRANCISCO (MarketWatch) -- During a conference call held by J.P. Morgan Chase & Co. Sunday to discuss its offer to buy Bear Stearns Cos., an individual investor in the beleaguered brokerage firm announced that he would vote against the fire-sale deal. The comment by a person identifying himself as Brian Firestone was followed by a brief... Read Full Story
'Mad Money' host drastically underestimated the investment bank's trouble surrounding the mortgage crisis. By Jeff Poor Business & Media Institute 3/17/2008 11:13:17 AM Hopefully your financial portfolio didn’t include stock in Bear Stearns, but it might have if you had listened to CNBC’s Jim Cramer. After it was announced March 16 that J.P. Morgan Chase & Co. (NYSE: JPM ) was purchasing Bear Stearns Cos. (NYSE: BSC ) for $2 a share, the stock plummeted over 80 percent at the open of trading... Read Full Story
April 2 (Bloomberg) -- The Federal Reserve was forced to rescue Bear Stearns Cos. last month because the securities firm faced bankruptcy and its failure could have led to a ``chaotic unwinding'' of investments throughout the U.S. economy, Fed Chairman Ben S. Bernanke said. ``The adverse effects would not have been confined to the financial system but would have been felt broadly in the real economy through its effects on asset values and credit availability,'' Bernanke told the Joint... Read Full Story
