homeWelcome, sign in or click here to subscribe.login
     


 

 

Business



Subscriber content preview

March 19, 2008

All Business: Bear Stearns collapse shows the power of fear

  • Investors are speculating “who is next” to fall, and that alone can bring a bank down.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — It will be difficult for the economy to grow or for the market to reverse its course while fear is stalking the financial world.

    Fear is why Bear Stearns Cos. was hit with what amounted to a run on the bank and now is being sold for $2 a share, a 97 percent discount from where its shares were trading a week ago.


     
    . . .


    To read this story in full login or purchase a subscription.



    Previous columns:


    
    Email or user name:
    Password:
     
    Forgot password? Click here.