November 14, 2008
Sinking Bear Stearns: An Exercise in Manipulation
For those interested in the history and roots of today’s financial crisis, this article offers some insights you may appreciate. I found the conclusion, following some discussion of the real reason why Eliot Spitzer was hung out to dry, particularly important: Like the Panic of 1907 that justified a “bankers’ bank” to prevent future runs, the collapse of Bear Stearns has been used to justify […]