There Are More Bear Stearns Coming


	There Are More Bear Stearns Coming

Tina Russo

3-17-2008 9:13 AM

1211 views

tags:

bear stearns, jp morgan, banking, subprime, countrywide, bank of america

Tina Russo says:

Unfortunately, we may see several Bear Stern-like scenarios in the months ahead. Banks and their investors are in for a bumpy ride.

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Is the Bear Stearns rescue enough to calm the credit crisis?  In a word, no.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theglobeandmail.com/servlet/story/RTGAM.20080316.WBstreetwise20080316214940/WBStory/WBstreetwise/">A great many bankers expect what happened at Bear Stearns, and January’s forced marriage of mortgage-burdened Countrywide and Bank of America, to play out at other financial institutions before these problems are fixed.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B1B9D7F7-5D08-4C2C-8329-AE5F845ED2A0/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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