Very Famous Words

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Monday, September 12, 2011

Bear Stearns

"Bear Stearns' balance sheet, liquidity, and capital remain strong...

Our liquidity position has not changed at all, our balance sheet has not changed at all..."

Two days later, Bear Stearns effectively went bankrupt.

Read more: http://www.businessinsider.com/2008/3/bear-stearns-bsc-did-ceo-alan-schwartz-lie-on-cnbc-#ixzz1XjW6NmmC

Very Famous Words

Monday, September 12, 2011

Bear Stearns

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