Results tagged “Bear Stearns” from Dealbreaker

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Acquitted Bear Pair Still Have SEC To Deal With

It seems we will have Ralph Cioffi and Matthew Tannin to kick around for a while longer. The two men may have escaped the long arm of the law, winning an acquittal on fraud and insider-trading charges earlier this week,...

Acquitted Bear Stearns Guys Maybe Starting A New Hedge Fund!

They haven't said anything yet but I think it's pretty obvious it's coming. Yesterday, when the dream team in charge of the two ridiculously named Bear Stearns funds--High Grade Structured Credit Strategies Fund and High Grade Structured Credit Strategies Enhanced...

New Castle: We Got Rid Of The Galleon Groupies, Nothing Is F*cked, But We Understand If You Want To Run For The Exits

Update: UBP takes New Castle up on offer to pull money. The New Castle Funds, once part of Bear Stearns Asset Management, have informed investors that despite the news of president Mark Kurland and "consultant" Danielle Chiesi being arrested for...

Jimmy Cayne's Desk Drawer Of Fun

As everyone on the planet knows, Jimmy Cayne loves to get high. For some reason, however, he routinely downplays or outright denies any drug use, even though weed has done so much for him. First off, due to its mind...

Dennis Kneale Doesn't Get Why You Can't Lie To Investors

"Didn't [Ralph Cioffi and Matthew Tannin] have a responsibility to stop a panic by saying, 'Look, we think things are going to be okay here'? Can't you be scared in an internal email but still feel things are going...

Help Find Ace Greenberg's Grand-Dog!

If one of you had told me last year that the first harrowing tale I wrote about former Bear Stearns chairman Ace Greenberg and a dog wouldn't be the last (Ace had seriously contemplated leaving BSC on account of depression...

Alan Schwartz Is Back

Former Bear Stearns CEO Alan Schwartz has resurfaced after what has surely been a fun-filled year or so. After watching 383 Madison fall to the House of Dimon across the street, attending congressional roastings, and taking on a leading role...

Memories Of Bear

We understand that the word "billion" has lost a good deal of meaning around here lately. Be that as it may, some statistics that contain the word are still useful (at least for entertainment value). To wit: The Federal Reserve...

Bear Collapse Screen: The Director's Cut

To read it, you would think that our featured Bloomberg article today, "Cox's SEC Censored Paper Showing It Ignored Bear Stearns Plunge " is about Cox, corruption at the SEC, high level cover-ups, a conspiracy to put every investment bank...

Checking It Twice

Bear Stearns IndyMac Lehman Brothers Washington Mutual Wachovia National City National City Drops 52% as Market Wonders Who's Next [CNBC]...

The Bear Saga CONTINUES

[Click to view] A lot of people--such as the ones who maybe brought the place down--would probably like it if the name 'Bear Stearns' was never mentioned again. Well too bad for them because Charlie Gasparino has a book...

"It looks to me like Bear Stearns got riddled with bullets''

We stand by our statement that no one killed Bear and then had a celebratory breakfast at Denny's afterwards but apparently there is a vague chance someone killed Bear, and then went to a safe house to lay low, count...

Better Days

Speaking of drugs: saw Pineapple Express last night-- AH-MAZING. I highly suggest taking off early this afternoon and seeing it (in related news, synchronize your watches. We're closing this thing up circa 3 today)....

Rich Marin Is Back On The Internet!

Just on Facebook and not as a movie critic, but it's definitely a step in the right direction. It appears as though he signed up less than a month ago but the former Bear Stearns Asset Management chair is wasting...

Alan Schwartz's Batcyle Requires A Sidecar

Any Wall Street veteran worth his salt knows that the most important weapon with which to line his arsenal is a fall guy. Inevitably he's going to fuck enough shit up that someone's going to have to get fired...

Things At JPM Too Awkward For Schwartz To Stick Around

Charlie Gasparino reports that former Bear CEO Alan "We've Got Liquidity Coming Out Of Every Orifice" Schwartz will leave Bearpont Morgan Stearns at the end of the summer. Schwartz has apparently been "working on some deals" at Bearpont, but decided--as...

The Silver Lining In The Implosion Of Bear Stearns

When the history books (by which we mean Charlie Gasparino's, When Mooks Fail) look back at the fall of Bear Stearns, there will be a lot to lambast BSC management over. A lot. A whole lot. There will be one...

Jim Cramer's "If I Did It"

"In retrospect, it was so easy to take down Bear." Related: How To Kill A BankYour Ex-Wife Get Shorties [NYMag]...

Hedge Funds Fled Bear Stearns Before The Rumors Hit

We're a bit of a one-trick pony around here today, fighting the good fight against all those nasty speculating reporters and bankers claiming rumors are having damaging effects on the market. But it's getting late in the day. Bank of...

Dennis Kneale To Jail?

Many of you were outraged at the comment made by Bearpont Morgan CEO Jamie Dimon to Charlie Rose that the SEC should investigate the "smoke" surrounding the fall of Bear Stearns, because the mixture of gases and suspended carbon particles...