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7 unusual facts about Bear Stearns


Bear Stearns

An article by journalist Matt Taibbi in Rolling Stone magazine contended that naked short selling had a role in the demise of both Bear Stearns and Lehman Brothers.

In the years leading up to the failure, Bear Stearns was heavily involved in securitization and issued large amounts of asset-backed securities, which in the case of mortgages were pioneered by Lewis Ranieri, "the father of mortgage securities".

The firm was headquartered in New York City with offices in Atlanta, Boston, Chicago, Dallas, Denver, Houston, Los Angeles, Irvine, San Francisco, St. Louis, Whippany, New Jersey; and San Juan, Puerto Rico.

On March 20, Securities and Exchange Commission Chairman Christopher Cox said the collapse of Bear Stearns was due to a lack of confidence, not a lack of capital.

Here Media

He practiced law for several years and subsequently was a partner with Lincoln Property Company, a large real estate development company, and a senior managing director with Bear Stearns, a major investment banking firm.

MapBlast

This management team completed a successful initial public offering in February 2000 managed by J.P. Morgan & Co., Bear Stearns, and USB Piper Jaffray.

Sidney Hertzberg

After ending his basketball career at the age of 28, Hertzberg went on to become a managing director of Bear Stearns, an investment banking and brokerage firm.


Brad S. Karp

His client list includes JPMorgan Chase, Wachovia, Morgan Stanley, Apollo Global Management, Merrill Lynch, Deloitte, MacAndrews & Forbes, ING, Bear Stearns, Ericsson, Hexion, Scottish Power and Eton Park in securities, commercial and regulatory matters.

Stock exchange

Companies like Pets.com (2000), Enron Corporation (2001), One.Tel (2001), Sunbeam (2001), Webvan (2001), Adelphia (2002), MCI WorldCom (2002), Parmalat (2003), American International Group (2008), Bear Stearns (2008), Lehman Brothers (2008), General Motors (2009) and Satyam Computer Services (2009) were among the most widely scrutinized by the media.

Tricadia Capital

Before founding Tricadia Holdings, Mr. Barnes had worked at UBS and Paine Webber, and Bear Stearns.


see also

Alan Greenberg

Alan C. Greenberg (born 1927), former Chairman of the Executive Committee of The Bear Stearns Companies, Inc

Cayne

James Cayne (born 1934), U.S. businessman, former CEO of Bear Stearns.

Richard J. Kaufman

Alan C. Greenberg, CEO of Bear Stearns, also a highly respected amateur magician, brought the financing that Kaufman required and the company Kaufman and Greenberg was born.

Salim L. Lewis

He started with Bear, Stearns' partnership in 1937 with $20,000, loaned by his first and only wife, Diana Felger Bonnor Lewis, who was born in Newark, New Jersey of an American woman whose parents were German Lutheran, and an English father, Church of England—and he became a general partner of that firm.

William D. Cohan

In an op-ed article in the New York Times, Cohan said in March 2009 that Bear Stearns CEO Alan Schwartz and Lehman CEO Dick Fuld had engaged in a "tsunami of excuses" when they were responsible for their firms' collapse.