Detailed text transcripts for TV channel - CNN - 20181231:06:25:00
History. >> bear stearns was an investment bank, and investment banks are not the same as banks. they do not have small depositors. you and i cannot go in and open up an account. investment banks are very sophisticated investors who do and should know the risk of the institution when they do business with them. >> bear stearns was one of wall street's major firms, but with a slightly riskier, edgier reputation. >> where goldman sachs is the queen and morgan stanley went to harvard, bear stearns was the guy flipping you the bird in the corner, and it has probably a greater percentage of this to...
Source: archive.org