Greenberg: "I feel about Dodd's bill and the other legislation, exact like Jamie Dimon feels." "We had 3 people who worked for us. We had Cy the Spy, one was called the ferret, and one was called, I think the weasel. And their job was to... Full Article at Huffington Post
David Malpass is going to formally announce that he is running for Senate, possibly as early as Monday. Malpass has already put in place the basic infrastructure for his campaign, we learned at a book party for Republican political... Full Article at The Business Insider
It looks like JP Morgan Chase has sold one of the two it acquired in March 2008 when the investment bank collapsed. Last week a unit of Brookfield Asset Management (BAM) acquired a portfolio of 16 properties totaling about 2.9 million... Full Article at Data Center Knowledge
Margaret Brennnan interviewed Alan "Ace" Greenberg this morning on Bloomberg TV. Greenberg, the former chief executive officer at Bear Stearns, says he is writing a book called "The Rise And Fall Of Bear Stearns." "It was a rough... Full Article at The Business Insider
"We could not and would not have assumed the substantial risks of acquiring Bear Stearns without the $30 billion facility provided by the Fed....We are acquiring some $360 billion of Bear Stearns assets and liabilities. The notion that... Full Article at Huffington Post
Is Greece a sovereign version of Bear Stearns? The world had better hope not. But it’s tempting to draw parallels between an incipient Hellenic bailout and the rescue of Wall Street’s biggest outlier. There are of course huge differences... Full Article at Reuters Blogs
An attorney who conveys an alleged agreement to cover the legal costs of another lawyer's client can be held liable for unpaid fees, a unanimous panel of the Appellate Division, 1st Department, ruled Tuesday. The decision allows the firm... Full Article at Law.com
Is Greece a sovereign version of Bear Stearns? The world had better hope not. But, Breakingviews says, it’s tempting to draw parallels between an incipient Hellenic bailout and the rescue of Wall Street’s biggest outlier. There are huge... Full Article at Dealbook
(Economix) The [Federal Reserve Bank of New York] developed two new stress scenarios: “Bear Stearns” and “Bear Full Article at Economist
Andrew Ross Sorkin today notes that the Fed and the SEC didn’t do anything about Lehman Brothers, despite the fact that they knew full well that there were problems. Where was the government while all this “materially misleading”... Full Article at Reuters Blogs