Wall Street Law Blogtag:typepad.com,2003:weblog-18589132012-01-27T11:53:29-05:00
Published by The Sherman Law Firm;
A Modern Professional Securities Litigation Practice
TypePad40.76842-73.96045typepad/kqOXhttp://feedburner.google.comBear Stearns Report: Relative to Income, Home Price "About as stretched as [they have] ever been!"tag:typepad.com,2003:post-6a01156f37211c970c0168e630e3da970c2012-01-27T11:53:29-05:002012-01-27T11:56:00-05:00Another in an occasional series in which Wall Street Law Blog posts excerpts from primary source documents that flat out contradict Wall Street's revisionist history of the financial crisis... Top executives at Bear Stearns - as we like to point out - have repeatedly insisted (including in sworn testimony) that...Brett Sherman<h3>Another in an occasional series in which Wall Street Law Blog posts excerpts from primary source documents that flat out contradict Wall Street's revisionist history of the financial crisis...</h3><p><br></p><p>Top executives at Bear Stearns - as we like to point out - have repeatedly insisted (including in sworn testimony) that they did not have any inkling that there might be a massive national housing bubble. </p><p><span class="Apple-style-span" style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); ">The truth, however, (as we also like to point out) is that Bear Stearns knew there was a really big housing bubble, and that the end of the housing bubble era would not be pretty. </span></p><p>Our <span class="Apple-style-span" style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); ">excerpts today are from a September 13, 2006 Bear Stearns research report. </span></p><div class="separator" style="clear: both; text-align: center;"><a href="http://wallstreetlaw.typepad.com/.a/6a01156f37211c970c0167612f2c38970b-pi" style="margin-bottom: 1em; margin-right: 1em;" target="_blank"><img alt="" class="aligncenter" height="454" id="blogsy-1327682480260.909" src="http://wallstreetlaw.typepad.com/.a/6a01156f37211c970c0167612f2c38970b-pi" width="500"></img></a></div><div class="separator" style="clear: both; text-align: center;">* * *</div><div class="separator" style="clear: both; text-align: center;"><a href="http://wallstreetlaw.typepad.com/.a/6a01156f37211c970c0168e6309de5970c-pi" style="margin-bottom: 1em; margin-right: 1em;" target="_blank"><img alt="" class="aligncenter" height="258" id="blogsy-1327682480233.8987" src="http://wallstreetlaw.typepad.com/.a/6a01156f37211c970c0168e6309de5970c-pi" width="500"></img></a></div><p>Any questions?</p><p>Brett Sherman, Wall Street Law Blog</p><p><br></p>
<p><a href="http://feedads.g.doubleclick.net/~a/04ajaWYwa_2DiAkzvAiNgvg00xc/0/da"><img src="http://feedads.g.doubleclick.net/~a/04ajaWYwa_2DiAkzvAiNgvg00xc/0/di" border="0" ismap="true"></img></a><br/>
<a href="http://feedads.g.doubleclick.net/~a/04ajaWYwa_2DiAkzvAiNgvg00xc/1/da"><img src="http://feedads.g.doubleclick.net/~a/04ajaWYwa_2DiAkzvAiNgvg00xc/1/di" border="0" ismap="true"></img></a></p><div class="feedflare">
<a href="http://feeds.feedburner.com/~ff/typepad/kqOX?a=93uW7HHmIWY:SH7Yb-y29ho:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/typepad/kqOX?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/typepad/kqOX?a=93uW7HHmIWY:SH7Yb-y29ho:dnMXMwOfBR0"><img src="http://feeds.feedburner.com/~ff/typepad/kqOX?d=dnMXMwOfBR0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/typepad/kqOX?a=93uW7HHmIWY:SH7Yb-y29ho:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/typepad/kqOX?i=93uW7HHmIWY:SH7Yb-y29ho:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/typepad/kqOX?a=93uW7HHmIWY:SH7Yb-y29ho:7Q72WNTAKBA"><img src="http://feeds.feedburner.com/~ff/typepad/kqOX?d=7Q72WNTAKBA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/typepad/kqOX?a=93uW7HHmIWY:SH7Yb-y29ho:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/typepad/kqOX?i=93uW7HHmIWY:SH7Yb-y29ho:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/typepad/kqOX?a=93uW7HHmIWY:SH7Yb-y29ho:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/typepad/kqOX?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/typepad/kqOX?a=93uW7HHmIWY:SH7Yb-y29ho:KwTdNBX3Jqk"><img src="http://feeds.feedburner.com/~ff/typepad/kqOX?i=93uW7HHmIWY:SH7Yb-y29ho:KwTdNBX3Jqk" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/typepad/kqOX?a=93uW7HHmIWY:SH7Yb-y29ho:l6gmwiTKsz0"><img src="http://feeds.feedburner.com/~ff/typepad/kqOX?d=l6gmwiTKsz0" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/typepad/kqOX?a=93uW7HHmIWY:SH7Yb-y29ho:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/typepad/kqOX?i=93uW7HHmIWY:SH7Yb-y29ho:gIN9vFwOqvQ" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/typepad/kqOX?a=93uW7HHmIWY:SH7Yb-y29ho:TzevzKxY174"><img src="http://feeds.feedburner.com/~ff/typepad/kqOX?d=TzevzKxY174" border="0"></img></a>
</div><img src="http://feeds.feedburner.com/~r/typepad/kqOX/~4/93uW7HHmIWY" height="1" width="1"/>http://wallstreetlaw.typepad.com/sherman/2012/01/bear-stearns-report-relative-to-income-home-price-about-as-stretched-as-they-have-ever-been.html