...without any authority.
If Bailout didn't happen with guarantee of Fed, bonuses would not have been paid to BSC employees.
Roger's was going nuts on Bloomberg at about 5:30 am. I can't say I blame him.
Roger's also screamed 'get the hell out of the dollar.' I'm not sure sure he's right about that still, though. He's been right for a while, obviously.
Whatever happened to Schwartz's statement on Wednesday that Bear had plenty of liquidity?
I think that qualifies as a recipe for massive litigation against Schwartz and BSC.
If Bailout didn't happen with guarantee of Fed, bonuses would not have been paid to BSC employees.
Roger's was going nuts on Bloomberg at about 5:30 am. I can't say I blame him.
Roger's also screamed 'get the hell out of the dollar.' I'm not sure sure he's right about that still, though. He's been right for a while, obviously.
Whatever happened to Schwartz's statement on Wednesday that Bear had plenty of liquidity?
I think that qualifies as a recipe for massive litigation against Schwartz and BSC.