News, analysis and personal reflections on the markets & the financial sector

Sunday, May 24, 2009

What Went Wrong When Bear Stearns Fell?

It took 72 hours for Bear Stearns to crumble. In one day, Bear Stearns went from $18 billion in cash on hand to $3 billion, as investors panicked. Reporter Kate Kelly from the Wall Street Journal wrote about the final days of the investment bank's collapse in her book Street Fighters  and talks with host Kai Ryssdal about what happened.


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