Stymied trying to figure out the “credit crisis”, “subprime meltdown” or whatever it is being called today?Yeah, me too — though I’ve tried and learned a LOT lately about mortgage markets. It’s a very complicated matter, involving things like “collateralized debt obligations” (CDOs), and “liquidity puts”.Don’t know what … [Read more...]
Bear Stearns Collapse: $159/share to $2 in 365 Days
by on March 17, 2008
There is a ton of buzz out there today about the collapse of Bear Stearns.Some may be asking, “What is a Bear Stearns?” From their web page: The Bear Stearns Companies Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., a leading global investment banking, securities trading and brokerage firm. From MSN Money: Bear Stearns “is an investment banking, … [Read more...]
I'm Jay Thompson, and I have a little blogging problem... 
