@Revolution:Global Business News

New Economy, Leadership, Entrepreneurship, Management, Global Business

How Bear Stearns Lost Its Way

Posted by iBlog on August 23, 2007

By all rights, this should be a Bear Stearns moment. Investors are skittish, and Wall Street players are unsure what to do next — precisely the conditions under which the scrappy independent has traditionally thrived.Its bare-knuckle approach to the mundane business of trading, especially complicated debt securities, made it the classic countercyclical play — successful in up markets, stellar in downturns. Bear is a link to Wall Street’s past, when brokerages survived more on their moxie than on their spreadsheets.

Read the full article in CnnMoney.com

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