Subprime mortgages keep minting cash for ex-Bear Stearns banker
@DeepThroatIPO @RealVisionTV "To put this in perspective, the current combined market capitalization of Alibaba & SoftBank is $572 Billion. ( $487B + $85B) By comparison, at the peak prior to the Great Financial Crisis, the combined market capitalization of Lehman Brothers & Bear Stearns was only $80 Billion "
Malpass was chief economist at Bear Stearns during the investment bank’s historic 2008 collapse.
Here's the news 10 years ago today, as Bear Stearns collapsed. The Senate just passed a bill rolling back the protections we added after the crash and making another taxpayer bailout more likely.
It feels, to me, that we are in the same place we were around the time of that Mission Accomplished sign or the quiet before Bear Stearns and Lehman. This isn't about opinions anymore. Every single person who has looked at the business knows in a simple, clear way. 7/
This week marks the ten-year anniversary of the Bear Stearns collapse. Yet what is the Senate doing today? Rolling back bank regulations that were put in place to prevent another crisis. This is totally WRONG.