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Bear bet that netted £141m throws fresh suspicion on collapse
It seems that Wall St. are trying to blame the straw for breaking the camel’s back. As The Independent report today:
Suspicion over the collapse of Bear Stearns is centring on a massive options trade, less than two weeks before the historic investment bank went under in March, by which a single investor made a profit of more than $270m (£141m) on a bet against the company’s share price.
In a “whodunnit†that has gripped Wall Street for months, many traders and senior executives at Bear Stearns have become convinced the firm was brought down by a conspiracy of rivals and hedge…
13Aug2008 | The Gold Blog | Comments Off | Continued
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