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At war with itself: The last days of Bear Stearns

Just days before the Thursday shareholder vote where JP Morgan will swallow up venerable Bear Stearns for a paltry $10/share, front and center in this morning's Wall Street Journal is the first of a three part series doing a post mortem on the fall of Bear Stearns. Today focuses on "Missed Opportunities" which explores the internal turmoil and executive squabbles over how to raise capital and cut mortgage inventory.  Part 2 is entitled "Run on the Bank" focuses on the rumors that led clients to pull funds, and Part Three: "Deal or No Deal?" focuses on the deal that was cobbled together with the Fed's intervention....

Lost Opportunities Haunt Final Days of Bear Stearns - WSJ

May 27, 2008 in Alan Schwartz, Bear Stearns, Jamie Dimon, Jim Cayne, JPM Chase |

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