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Bear Stearns Version 2.0

There were a lot of lessons learned during the fall of Bear and Lehman. By now, you'd figure people would have taken a step back, examined the fatal decisions made, and do everything in their power to avoid history repeating itself.
When former Bear CEO Alan Schwartz started at Guggenheim earlier this summer, he was still being a bit coy about his vision for the future when he said, "Fate has dealt me an opportunity to start from scratch". But now the blueprint for Guggenheim's future success is clear. Schwartz is going to bring the firm's investment banking, research and brokerage divisions to a new level by turning them into "the next Bear Stearns." Give the guy some credit- at least this time around he is giving people a little time to prepare.