Hubris, Greed and Excess

The Fall from Grace "Bennet Sedacca announced to the world at 10:15 on the morning of March 5, 2008, that venerable Bear Sterns & Co., the nation's fifth-largest investment bank was in trouble, big trouble." The first paragraph opens with a bang. Ten days after Sedacca made that call, he was proven right. Bear Sterns was no more; JP Morgan … [Read more...]