Friday, March 14, 2008

Will this be the US equivalent of Northern Rock

Bear Stearns shares crash as credit crisis snares biggest US victim

Bear Stearns one of the most venerable names on wall street has run out of the liquid stuff (cash) and anybody with funds held in Bear Stearns will be clamouring to transfer them out ala Northern Rock.

Posted by enuii @ 06:35 PM (627 views)
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2 thoughts on “Will this be the US equivalent of Northern Rock

  • @enuii,

    question for you or anyone really… they say we are lagging about 9 months behind the US in this crisis, how come we had the bank run first?

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  • mark wadsworth says:

    Gives a whole new meaning to the expression ‘bear market’.

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