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: PrawfsBear Stearns stock: From $2 to $10?
By Dan Markel, Ethan Leib, Rick Garnett, Matt Bodie, Paul Horwitz , Steve Vladeck, and Orly Lobel
The details of "several days of frantic, secret negotiations" are here. Maybe bullish Bear Stearns speculators weren't so crazy after all. The potential roadblock? The Fed. Even more ammunition for David Zaring's theory concerning a newly engaged (and assertive) Fed.
Full post as published by Prawfs on March 24, 2008 (boomark / email).
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