Bear Stearns CEO Wasn't Lying; Neither Was Enron's Skilling

You feel for Alan? So when he goes to jail you can visit him.

I feel for the stock holders, Alans going to be fine. Some of the people htat had this in their retirement funds are going to be looking for second jobs or figuring out if they can wait till they turn 85 to retire!

umm do you thin BSC will ever get as high as before by the end of this year?

Another CEO willing to lie, cheat and steal at the expense of other people in order to line his own pockets.

how those people (crooks) give any kind of statements or recomendation, if they have no clue about their own companies. CEO of BS must go to jail.

Welcome to America

Welcome to America

I know someone who worked for Bear Stearn who thought he was the S*#@..And he was better than everyone else because he had money. WELCOME TO OUR WORLD NOW MY FRIEND.We will have some food if your hungry on the grill come on over.Free of NO CHARGE.

I suppose you could throw some money at BSC in a day trading type scenario. If you got a lot of cash, time and feel like gambling this is a great market to day trade. BSC finished nearly 63% up yesterday.

this guybis the ceo of a major company there is no way he did not know

To all you overpriced analysts out there. You still want to give advise to us, small dumb investors? Ha! Ha! Heck, you don't even have a clue when your very own company is going belly up, so,who, I pray, do you wish to give advise? And these COs of companies like Citibank, Bear Sterns, Country Wide Credit, GM, Ford ...and all the others out there not yet found out, who live at the expense of their shareholders. They too had no clue that while they were accepting these fat checks every month, their companies were going to pots. Of course, the only ones that will believe that crap will be our gullible courts...

These financial institutions were trading monopoly money between them all and frothing up their balance sheets with it... "I'll sell you this deal, you buy it from me at 3% over, then I'll buy it back..." and so forth... Who's left holding the potato at the end of the game? Bear Sterns.

I believe the more important question is what did management do when it knew that the ship was sinking? In other words, did any of the top management people cash out on their options before the #$#% hit the fan? And just one more thing, is America now becoming a Communist state with all the corporate welfare going on, what about the average joe?

What did he make last year as his company was going down the tubes? $50 Million. He should be forced to give back every penny. If the government guarantees these companies don't go bankrupt, then they should forfeit the right to earn a profit. After all it is the risk of losing your captial that justifies the ability to earn a profit.

Agree with above Jalexa and Ktsang. Does anyone really have believe the excuses for the CEO by Alan Sorkin, and total, non-critical agreement by Henry Blodget? These guys probably have MBAs from Harvard or another famous university, they've been in the business a long time and know the types of shaky, flaky deals and trading by investment banks and brokerages. Of course, the CEOs of these companies are too highly placed, know nothing of their underlings unbecoming actions, and will get $50 M or $100 M bonus, even if their company goes bankrupt. Bring back Spitzer the DA, and get each of these guys 50 years behind bars. By the way, is Henry Blodget the same former ANALyst who touted numerous Dot-Bomb stocks, until they all collapsed by 2001? (If anyone knows more of his illustrious career, add a comment)

you're telling me that the CEO of Bears Stern did not know about the JP Morgan / Fed bailout......please

Mr. Sorkin is a liar as is the gentelman from Enron. The bad investments made by Mr. Sorkin and his employees where made months and years ago. They were made out of greed and now is the time to pay the bill. The top executives from the investment firms that invested in the subprime mortgages should be black balled from the investment business for life. They obviously can not be trusted with other peoples money and the have proven beyound a shadow of a doubt that they are incompetent.

Mr. Sorkin is a liar as is the gentelman from Enron. The bad investments made by Mr. Sorkin and his employees where made months and years ago. They were made out of greed and now is the time to pay the bill. The top executives from the investment firms that invested in the subprime mortgages should be black balled from the investment business for life. They obviously can not be trusted with other peoples money and the have proven beyound a shadow of a doubt that they are incompetent.

Mr. Sorkin is a liar as is the gentelman from Enron. The bad investments made by Mr. Sorkin and his employees where made months and years ago. They were made out of greed and now is the time to pay the bill. The top executives from the investment firms that invested in the subprime mortgages should be black balled from the investment business for life. They obviously can not be trusted with other peoples money and the have proven beyound a shadow of a doubt that they are incompetent.

Mr. Sorkin is a liar as is the gentelman from Enron. The bad investments made by Mr. Sorkin and his employees where made months and years ago. They were made out of greed and now is the time to pay the bill. The top executives from the investment firms that invested in the subprime mortgages should be black balled from the investment business for life. They obviously can not be trusted with other peoples money and the have proven beyound a shadow of a doubt that they are incompetent.