Bear Stearns' leverage (the money it borrowed) was so high (30x plus) that a "crisis of confidence" developed. Investors began withdrawing money from Bear and counter parties (their customers) stopped doing business with them - effectively their liquidity dried up. It was a classic Run on the Bank. Financial institutions foundations are based upon confidence and trust, so a healthy institution can become insolvent almost overnight. Due to the "run", Bear Stearns was forced to sell to JP Morgan at a fire sale price.
A 29-billion-dollar non-recourse loan was made to J.P. Morgan back with MBS. See Wikipedia "Bear Sterns" for details.
EMC Mortgage Corporation, owned by Bear Stearns, consists of several departments, each offering different services. It offers residential mortgages and loan services.
Mary Kay Stearns and Johnny Stearns were a married couple who starred in a television comedy called Mary Kay and Johnny. It was America's first network sitcom. The show debuted on November 18, 1947.
its a bear...this is why the flag has a bear on it and it is the bear flag state
Ethical business can succeed under various advantages from value guided business practices. Ethical business can reduce environmental and marginal social costs from green policies to better employee treatment. Ethical business can preserve system integrity through committing to responsible accounting and trade and finance behaviors. Such steps could have prevented the Arthur Anderson scandals, and at worse the meltdowns of Bear Stearns and Lehman Brothers.
Bear Stearns was created in 1923.
The 'S' stands for Stearns but there is no evidence of a connexion with the financial firm Bear Stearns - or is there??
Bear Stearns was deeply affected by the subprime mortgage crisis. The subprime mortgage crisis is a result of the sharp rise in mortgage delinquencies and foreclosures.
The ticker symbol for the Bear Stearns is BSC and it is traded on the New York Stock Exchange.
It used to be BSE, but they were bought out by JPMorgan Chase in 2008 and thier symbol is JPM.
A 29-billion-dollar non-recourse loan was made to J.P. Morgan back with MBS. See Wikipedia "Bear Sterns" for details.
In a simple sense, the failure of Bear Stearns had a negative effect on stock prices. When a major bank such as Bear Stearns (which had been in business since the great depression) fails, consumer confidence is lowered significantly. Investors lose confidence in the stock market as well. As they lose confidence, it is common to sell assets. As assets are sold, the entire market is flooded with supply. When the supply is very high and the demand is very low, stock prices are forced down.
Taylor Stearns's birth name is Taylor Rae Stearns.
Jeff Stearns's birth name is Jeffrey Allen Stearns.
Shubal Stearns died in 1771.
Andrew Stearns is 6'.
Yes, they did. They took over Bear Stearns and WaMu.