The end of Lehman, part 3

By Ben Hallman

In Parts 1 and 2 of this series, Michael Hudson wrote about how Lehman was a leader in turning what had been a backwater market for subprime

Excerpts from this story referencing "Bear Stearns":

"… crisis-related cases. The highest profile case to go to trial involved two Bear Stearns hedge fund managers, who had had exchanged emails that suggested they thou …"

SEC allows investment banks to go unregulated

By The Center for Public Integrity

Failure by the Securities and Exchange Commission to properly oversee investment banks puts the public at risk

Excerpts from this story referencing "Bear Stearns":

"… fort” about investment banks’ capital cushions. Just three days later, Bear Stearns collapsed and was bought by JP Morgan Chase in a hastily arranged deal bac …"

"… hastily arranged deal backed by $29 billion in taxpayer funds. The sale of Bear Stearns, one of the first rumbles in the financial earthquake, was presaged by a 2 …"

"… t. Since then, investment firms’ debt-to-assets ratios have risen — in Bear Stearns’ case, to as high as 33 to 1. Simultaneously in 2004, the SEC began outs …"

"… hing cushion against investment losses, the SEC did nothing in the case of Bear Stearns to address the bank’s issues of heightened risk. As an SEC inspector gen …"

The sincerest form of flattery

By M. Asif Ismail

Private equity firms follow in Carlyle Group's footsteps

Excerpts from this story referencing "Bear Stearns":

"… ast year, and former NATO Secretary General George Robertson.In September, Bear Stearns Merchant Banking, the private equity arm of investment banking and securit …"

"… anking, the private equity arm of investment banking and securities trader Bear Stearns, entered into an alliance with GlobeSecNine, a little-known private equity …"

"… ty group headquartered just a few miles from the Pentagon in Arlington, Va.Bear Stearns Merchant Banking, which manages $1.5 billion, has earmarked $300 million t …"

"… f GlobeSecNine's advisory board.In announcing their deal, GlobeSecNine and Bear Stearns Merchant Banking drew attention to another partnership the latter had form …"

Advertisement

Recommended reading: No prosecutions, no extra budget, so why not start a hedge fund?

By Julie Vorman

A roundup of recent news articles to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law ...

Excerpts from this story referencing "Bear Stearns":

"… id executives behind bars for their role in the mayhem at Lehman Brothers, Bear Stearns, AIG, or Fannie Mae.The New York Times’ White Collar Watch suggests one …"

August 6, 2010

By Julie Vorman

TODAY'S HIGHLIGHT: What lessons did the U.S. government learn from its unprecedented 2008-09 intervention in the financial markets?...

Excerpts from this story referencing "Bear Stearns":

"… es, the GAO said. “Questions about the government’s decision to assist Bear Stearns and AIG, but not Lehman Brothers, continued months after the decisions wer …"

You broke it? You fix it.

By John Dunbar

Firms that fed off the subprime lending frenzy that devastated the banking system are lining up to collect more than $21 billion in taxpayer

Excerpts from this story referencing "Bear Stearns":

"… ortgage Corp., another program participant. EMC was a former subsidiary of Bear Stearns, the first major U.S. investment bank to falter last year. JPMorgan picked …"

"… investment bank to falter last year. JPMorgan picked up EMC when it bought Bear Stearns (with government help) last year. Including the EMC total, JPMorgan could …"

"… 9. EMC Mortgage Corp., Lewisville, Texas — $707.4 millionEMC was part of Bear Stearns, which J.P. Morgan bought with assistance from the Federal Reserve Bank of …"

"… Federal Reserve Bank of New York last year. Prior to the purchase in 2008, Bear Stearns agreed to pay $28 million to settle Federal Trade Commission charges of un …"

Advertisement

Reform reading: Hedge, private equity funds now subject to SEC regulation

By Shirley Gao

Hedge, P.E. funds have until March 30 to register with SEC

Excerpts from this story referencing "Bear Stearns":

"… York Times' report card has just 3 criminal cases involving executives at Bear Stearns, Credit Suisse, and Taylor Bean & Whitaker, and 11 civil cases on it. …"

The roots of the financial crisis: Who is to blame?

By John Dunbar and David Donald

Banks that financed subprime industry collecting billions in bailouts

Excerpts from this story referencing "Bear Stearns":

"… edge funds. Encore Credit Corp. (No. 17), for example, was a subsidiary of Bear Stearns, and BNC Mortgage Inc. was part of Lehman Brothers (No. 11).The lending to …"

"… 5 billion. Also among the top underwriters: Morgan Stanley, Merrill Lynch, Bear Stearns, and Goldman Sachs.When New Century filed for bankruptcy, it listed Goldma …"

"… it had lines of credit totaling $14.1 billion from those five banks, plus Bear Stearns, Credit Suisse First Boston, Deutsche Bank, and IXIS Real Estate Capital, …"

"… ent bank. The lender sold billions of dollars in loans to Lehman Brothers, Bear Stearns, Goldman Sachs, Citigroup and Merrill Lynch. Some of its other financial s …"

Meltdown 101

By John Dunbar

Subprime mortgages and America's road to financial ruin

Excerpts from this story referencing "Bear Stearns":

"… he real estate crash was followed — inevitably — by the banking crash. Bear Stearns was the first U.S. bank to fall. In March of 2008, JPMorgan Chase & Co …"

"… ARP program.In addition to the $29 billion committed to smooth the sale of Bear Stearns by the Federal Reserve Bank of New York, the government has guaranteed aga …"

Does DOJ probe mean the government is finally turning up heat on the rating agencies?

More evidence that Moody's prized profit above accuracy

Excerpts from this story referencing "Bear Stearns":

"… also not very good. The agency lost a high-profile case against two former Bear Stearns executives in 2009, and in February dropped a two-year investigation of fo …"

Pages