Tags: Bear Stearns, SEC, words
So it seems some people are really getting bent out of shape over this whole thing about Bear Stearns CEO Alan Schwartz telling David Faber everything was cool at the firm just a few short days before everything wasn’t cool. No one wants to let this one go– it doesn’t help that the instigators at CNBC have been playing the clip ‘round the clock– or take a second to realize that we should be APPLAUDING Alan Schwartz, not tearing him down, or wondering if his comments about BSC “practically drowning in liquidity” were purposely misleading. As a Bear Stearns executive, CEO no less, the fact that the guy even showed up to answer questions about the solvency of his own company is huge. Factor in that he was at the Breakers Resort in Palm Beach at the time, and had to actually get out of the pool and towel off, walk up to the lobby and ask someone to hold his drink while he “did a thing,” and I think you will agree with me that someone should be getting a raise. Obviously, some of you don’t see it this way. The SEC includes itself in this group of one-dimensional thinkers. Since it doesn’t look like they’ll be backing down from their little threat to investigate why Alan Schwartz said what he said, let’s just get to the bottom of it now, and move on with our lives.
d. should be “got too much sun.” Vizu doesn’t let you just click back, you have to start all over, would’ve taken a decade, etc etc etc.
S.E.C. Eyes Bear Stearns’ Comments [DealBook]