How to pronounce “stearns” in English

It was called Bear Stearns.

So Bear Stearns comes along, they spend $30 billion of our money, buy this crap off the balance sheet of Bear Stearns that J.P. Morgan Chase doesn't want to hold, and life goes

The people at Bear Stearns had a lot of money in their company, yet they did things that were risky.

From the 1780s until the 1920s-- what Stearns called the long 19th century or the 19th century extended on either end-- during this period of time,

And they lent money to Bear Stearns. They actually bought assets from Bear Stearns to subsidize its purchase by J. P. Morgan. Even though Bear Stearns was an institution

A week later, Bear Stearns collapsed.

be saved, which would be the Bear Stearns or the AIG of his time, in order to stop the panic.

And as Hal said, I thought that Bear Stearns was the most remarkable thing that would ever happen to a reporter my age who was covering the Federal Reserve.

One day one of his indicators told him to pull out of several banks, including Bear Stearns.

So the financial crisis hit-- already before the financial crisis, whenever Bear Stearns started to collapse and we had this terrible credit crunch that was really gripping the

"He should have let Bear Stearns go, because banks should fail and that's the way capitalism works."

To some extent, they've been beaten up for saving Bear Stearns, and they talk about, "It's time to teach Wall Street a lesson that the government is not going to bail out every

And it is clear that Paulson is kind of an impulsive guy who has a visceral dislike for both the people at Bear Stearns and the people at Lehman Brothers and realizes like,

And he said, well, I have friends all over the place at Goldman Sachs or Lehman Brothers or Bear Stearns or whatever investment bank

There were a lot of bailouts, meaning creditors got paid when the bank couldn't-- AIG, Citi, Bear Stearns, many other banks.

Was there a specific moment of the crisis that you would call the pinnacle, or the brink, ranging from the beginning with Bear Stearns all

Even a friend of mine, he was also at Peking University, named Michael Pettis, he keeps a blog on the website and he used to work at Bear Stearns as an investment banker.

next plans?” He says, "I'm going to take a six-month sabbatical and write a book about Bear Stearns.” And he says, "It would be kind of a nice way

And the reason Bear Stearns was interesting

And they did it because Bernanke, the Chairman -- one of Hal's students long time ago -- realized that this was a moment where, had Bear Stearns

gone down, the ramifications would have been enormous, and not just to people who had invested or lent money to Bear Stearns.

That's what people thought about Bear Stearns.

But also, internally, they didn't come up with any plan, How can we create a set of options for ourselves, so that, if we're confronted with something like Bear Stearns again, we