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 4/10 Good --- www.bloggingstocks.com http://feeds.feedburner.com/weblogsinc/bloggingstocks
Tuesday, July 01, 2008 --- 50 days ago http://feeds.feedburner.com/~r/weblogsinc/bloggingstocks/~3/324343671/
| Filed under: Bear Stearns Cos (BSC) I try not to do posts solely for the purpose of linking to someone else's great work but this item fro DealBreaker is probably the funniest thing I've read since Bear Stearns' insistence that its liquidity was fine: an article in the latest issue of Vanity Fair cites unnamed sources stating that a few well-known hedge funds plotted the company's demise -- and then laughed about it over a celebratory breakfast. Bess Levin rips into the conspiracy theories with the post Who Killed Bear Stearns And Then Laughed About It At Denny's? We're Gonna Go With NO ONE : Let's just say they did spread the rumors, which I don't believe they did (and, as an aside: if a company can be brought down by the corporate equivalent of 7th grade girls passing notes in class, perhaps it doesn't deserve to existence anyway). There is no way in hell this meal took place. Ken Griffin and Steve Cohen are not stupid enough to go chest bump over egg McMuffins with the rotting corpse of Bear Stearns at their table (that kind of genius is -- or was -- reserved for the upper echelons of BSC management). Exactly. Read | Permalink | Email this | Comments ... |
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