REGULATORS TELL SCHUMER: BEAR STEARNS’ CASH SHORTAGE WAS UNKNOWN UNTIL IT WAS TOO LATE, SHOWING NEED FOR REGULATORY REFORM

REGULATORS TELL SCHUMER: BEAR STEARNS' CASH SHORTAGE WAS UNKNOWN UNTIL IT WAS TOO LATE, SHOWING NEED FOR REGULATORY REFORM Washington, D.C. - Under questioning today by U.S. Senator Charles E. Schumer (D-NY) at a Senate Banking ... More... (Mortgage Lender & Broker News)
Add a Comment , , April 4th, 2008

Bernanke: Bear Stearns Wasn’t a Bailout

Bernanke Says Fed Acted to Prevent Collapse of Bear Stearns to Protect Financial System By Martin Crutsinger, AP Economics Writer WASHINGTON (AP) -- The Federal Reserve's unprecedented actions to prevent the collapse of Bear Stearns were taken ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment , April 3rd, 2008

Not all borrowers benefit from Fed’s recent rate cuts

By JEFF D. OPDYKE and JANE J. KIM THE WALL STREET JOURNAL The Federal Reserve has lowered interest rates for the sixth time since September, but the campaign is helping with only certain kinds of borrowing. Rates on ... More... (Mortgage Interest Rates, Mortgage News)
Add a Comment , , March 26th, 2008

Sold! Bear Stearns T-shirt gone for $151.76

NEW YORK (Reuters) - A used T-shirt bearing the Bear Stearns logo has sold for $151.76 online, worth about 14 or 15 shares in the once venerable Wall Street investment bank. Bear Stearns shirts and other ... More... (Mortgage News)
Add a Comment , , March 25th, 2008

Wall Street May Face $460 Billion Credit Losses, Goldman Says

March 25 (Bloomberg) -- Wall Street banks, brokerages and hedge funds may report $460 billion in credit losses from the collapse of the subprime mortgage market, or almost four times the amount already disclosed, according ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment , March 25th, 2008

A Sweeter Bear Bid May Sour the Fed

JPMorgan raises its offer in hopes of winning over shareholders. Will the Federal Reserve end up holding the bag? The Federal Reserve has been put in an awkward position by JPMorgan Chase's (JPM) decision to raise ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment , , , March 24th, 2008

Stocks leap on new JPMorgan-Bear deal

NEW YORK (AP) - Wall Street extended its big advance Monday as investors applauded a new agreement that will give Bear Stearns Cos. shareholders five times the payout than was outlined in a JPMorgan Chase ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment , , March 24th, 2008

JPMorgan May Raise Bid for Bear Stearns, NYT Says (Update1)

March 24 (Bloomberg) -- JPMorgan Chase & Co. may quintuple its takeover offer for Bear Stearns Cos. to more than $1 billion in an effort to win support from employees and shareholders opposed to the ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment , March 24th, 2008

What Created This Monster?

LIKE Noah building his ark as thunderheads gathered, Bill Gross has spent the last two years anticipating the flood that swamped Bear Stearns about 10 days ago. As manager of the world’s biggest bond fund ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment , , March 23rd, 2008

Wall Street Culture Not Likely to Change

Culture of Risk on Wall Street Not Seen Changing Amid Bear Stearns Downfall NEW YORK (AP) -- Wall Street investment bankers got another lesson about the dangers of risk-taking this past week with the downfall of ... More... (Mortgage News)
Add a Comment , March 23rd, 2008