2008 Financial Crisis and Investment Banks, Day 1, Panel 2
Former Bear Stearns executives testified about the 2008 collapse of Bear Stearns, financial markets, and the “shadow banking system.” They… read more
Former Bear Stearns executives testified about the 2008 collapse of Bear Stearns, financial markets, and the “shadow banking system.” They contended that media reports and rumors in financial markets played a large role in the company’s demise, but also said that the company had taken on too much risk to handle severe market disruptions. close
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Financial Crisis Inquiry Commission: Shadow Banking System
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