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Warren Spector
Warren Spector has resigned from Bear Sterns amid scandal concerning the sub-prime real estate lending market. Warren Spector was co-president and co-chief operating officer a business unit that controlled several mortgage funds -- two... [more]
Warren Spector has resigned from Bear Sterns amid scandal concerning the sub-prime real estate lending market. Warren Spector was co-president and co-chief operating officer a business unit that controlled several mortgage funds -- two of which collapsed this summer.
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Bear Stearns collapsed last March and sold itself to JPMorgan Chase (JPM) for a piddling $10 a share. Main Street yawned. On July 11 federal regulators seized IndyMac the second-largest independent mortgage lender in the United States. There was a run on the bank; it filed for bankruptcy...
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It's midnight at the Beijing bar D-22 , and Michael Pettis, a 50-year-old American, is rocking to the thumping drums and screaming guitars of the band Rustic.
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Aug. 20 (Bloomberg) -- It's midnight at the Beijing bar D-22 , and Michael Pettis, a 50-year-old American, is rocking to the thumping drums and screaming guitars of the band Rustic. Pettis, a Peking University finance professor and former New York ...
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New York City - An acquaintance of ours who had worked as a senior managing director at Bear Stearns, Andrew Neff, recently published an article on the Jewish Telegraphic Agency wire touching on his experiences there that included a recounting of his role “running the Bear Stearns minyan,” the...
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From vosizneias.com
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Rumors have swirled about the rapid collapse of Bear Stearns, with a lot of people -- even some normally credible commentators -- absolutely convinced that the company was a victim of a bear raid and naked short selling, and malicious rumor mongering that led to a run on the bank, sealing the...
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From sott.net
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(NYSE: JPM) for the 50% stake in Migdal Capital Markets Ltd. held by Bear Stearns Asset Management Inc. (BSAM) for $70.25 million. ...
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He said the bad loans and other problems the New York bank took on with the Bear Stearns deal in which “it dramatically overpaid for Bear Stearns to help ...
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Federal officials and senior Wall Street executives offered their first public account on Thursday of the harrowing four days of negotiations.
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From topics.nytimes.com
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Traders bought 1,649 contracts on $1.7million bet; Analysis by Michael McCarty of Meridian Equity Partners; Options specialists say someone tride to ice Bear; Analysis by Alan Schwartz, Former CEO of Bear Stearns; Bear Stearns also beset by naked short-selling; Senate Banking Committee did not...
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From clipsyndicate.com
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Banking and trading giant Bear Stearns sunk when it was announced that JP Morgan would acquire Bear Stearns for a surprisingly small amount of about $2 per share. Some students expecting to work at Bear Stearns believed that their jobs would be ...
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Filed under: Bear Stearns Cos (BSC), RecessionBloomberg News reports that Wall Street layoffs are putting blood on the streets. But those Wall Street vets have turned those layoffs into new careers -- one Harvard economics grad who formerly worked for Bear Stearns has started a business making...
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From bloggingstocks.com
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The Canadian bank has added two former senior executives from failed US investment bank Bear Stearns as part of its planned expansion in emerging markets. ...
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(Reuters)Bear Stearns failed to negotiate hard enough to get the best deal before its frantic fire sale to J.P. Morgan Chase, a lawyer for former Bear shareholders seeking about $2.
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From financialweek.com
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The Department of Education has hired a former Bear Stearns managing director to be the new CFO. George Raab has accepted the $180K/year job--which involves overseeing $20 billion--but the Sun says the the "appointment will not become official until a background check is completed." The Post...
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From gothamist.com
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The Bear Stearns conspiracy scandal affected and continues to affect tens of thousands of people in all sorts of ways. As the story lacked prurient interest ...
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