Bringing Down Bear Stearns

Did the investment bank die of natural causes or was it, as some suspect, murder?

On Monday, March 10, the rumor started: Bear Stearns was having liquidity problems. In fact, the maverick investment bank had around $18 billion in cash reserves. But soon the speculation created its own reality, and the race was on … With the blow-by-blow from insiders, Bryan Burrough follows the players—Bear’s stunned executives, trigger-happy reporters at CNBC, a nervous Fed, a shadowy group of short-sellers—in what some believe … [Read More]

by Bryan Burrough | www.vanityfair.com| Published:August 2008