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Friday, March 28, 2008

Bear-Stearns: Diagnosis Murder

As the bad management at Bear Stearns gets treated badly, to the tune of $61 million for the top, the rest of us need an accurate accounting, not of the Bear Stearns deal, per se, that seems to have caused some Senators to obsess, but of what really went wrong.

Only then can we fix it.

In the absence of that, all one can offer are summary suggestions.