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Tag Archive | "bear stearns"

American Comintern

Tuesday, September 9, 2008

“If anybody thought we had a pure free market system, they should think again.” - Robert Bruner, Dean of The Darden School of Business at The University of Virginia [h/t Top Gun FP] A number of readers have asked us for our take on the Freddie Mac/Fannie Mae bailout, so here it is. In the financial blogosphere, reactions to events are immediate, if often half-baked; in academia, reactions are thoughtful but take months or even years. We figured…

How to Play a Lehman Collapse, Conservatively

Wednesday, June 4, 2008

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In the days following the Bear Stearns collapse, Lehman Brothers was the favorite target of speculation for traders, especially those who missed the BSC and wanted their own chance to watch some cheap out of the money puts turn into real paper. After it looked like LEH had pacified the concerns of critics, they’re back in the news as everyone on the street suspects the company is in a real double-bind: If Lehman announces to investors that it…