WEDNESDAY MARCH 19
Loaded For Bear

Between Bear Stearns’s warring shareholders and bondholders and those looking to buy it (JPMorgan) and those looking to sell it (credit-default-swap mavericks) and those investigating trades on it (the SEC) and those who just want it to be over with already (the Fed) this is shaping up to be one showdown for the ages. The overarching question: Is it really reasonable to pay $2 a share for a monster bank that was trading at $65 just last week? A selection of thoughts from those market screamers screaming the loudest.

March 2008

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