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Lessons From Bear Stearns' Demise: How Better Regulation and Oversight Can Restore Order and Confidence in the Market |
September 18, 2009
Previously published by The Advocate for Institutional Investors, First Quarter 2008 on January 2008
In just one weekend, $18 billion of shareholder value at Bear Stearns simply evaporated. In the ensuing chaos, JP Morgan was able to convince Bear Stearns - with persuasive assistance from the U.S. Federal Reserve Bank - to sell itself at a fire sale price. While the deal is not completed, it is abundantly clear that Bear Stearns shareholders will most certainly suffer enormous losses.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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