• Choose a category
• All
• Classic-Fiction

30 Ibid.

31 Ibid.

32 Jeffrey B. Lane left JPMorgan/Bear Stearns and became CEO of Modern Bank on July 1, 2008. (PR Newswire, “Modern Bank Appoints Jeffrey B. Lane as CEO,” June 24, 2008.)

33 Jody Shenn, “FGIC Sees No Need to Honor Agreement with IKB, Calyon,” Bloomberg News, 26 March 2008.

34 Kate Kelly and Serena Ng, “Bear Stearns Fund Hurt by Subprime Loans,” Wall Street Journal, 12 June 2007.

35 “Bear CDO Lists Total at Least $1.44 Bln - Sources,” Reuters, 20 June 2007.

36 Michael Mackenzie, “Credit Vehicle Defaults Reach $170 billion,” Financial Times, 24 April, 2008.

37 Kara Scannell, Siobhan Hughes, and David Reilly, “SEC Probes CDOs and Bear Funds, Wall Street Journal, 27 June 2007.

38 Kate Kelly and Serena Ng, “Bear Stearns Bails out Fund with Capital Injection.”

39 Kate Kelly, Serena Ng, and David Reilly, “Two Big Funds at Bear Stearns Face Shutdown,” Wall Street Journal, 20 June 2007.

40 Eric Martin, “U.S. Stocks Retreat, Led by Financials; Bear Stearns Tumbles” Bloomberg News, 10 March 2008.

41 Charlie Corbett, “Bear Stearns Lied To Us, Fund Says Sub-prime Exposure Underplayed,” Investor Daily, 8 October 2007.

42 Yalman Onaran, “Spector Ousted by Cayne Over Too Much Bridge, Money,” Bloomberg News, 3 October 2007.

43 United States of America against Ralph Cioffi and Matthew Tannin, CR 08 415. f.#2007R01328, filed June 18, 2008.

44 Patricia Hurtado and David Scheer, “Former Bear Stearns Fund Managers Arrested by FBI,” Bloomberg News, 19 June 2008.

45 Landon Thomas Jr., “Prosecutors Build Bear Stearns Case on E-Mails,” New York Times, 20 June 2008.

Chapter 9: Dead Man’s Curve

1 Benjamin Graham, The Intelligent Investor (New York: Harper & Row, 1973), 95.

2 Ibid.

3 Nikki Tait, “The Joyti De-Laurey Case: Queen of Deceit Duped City High-Flyers,” Financial Times, 21 April 2004.

4 James Mackintosh “Wheels Come Off as Crunch Hits Peloton,” FT.com [Financial Times], 29 February 2008.

5 Cassell Bryan-Low, Carrick Mollenkamp, and Gregory Zuckerman, “Peloton Few High, Fell Fast,” Wall Street Journal, 12 May 2008.

6 Emiliya Mychasuk and Emiko Terazono, “Hedgie Heroes,” Financial Times, 29 January 2008.

7 Cassell Bryan-Low, Carrick Mollenkamp, and Gregory Zuckerman, “Peloton Few High, Fell Fast.”

8 James Mackintosh, “Peloton Partners in $2 billion Assets Sale, Financial Times, 28 February 2008.

9 Cassell Bryan-Low, Carrick Mollenkamp, and Gregory Zuckerman, “Peloton Few High, Fell Fast.”

10 Ibid.

11 James Mackintosh, and Daniel Thomas, “Peloton Puts Office on Market,” FT.com [Financial Times], 9 March 2008.

12 Cassell Bryan-Low, Carrick Mollenkamp, and Gregory Zuckerman, “Peloton Few High, Fell Fast.”

13 James Mackintosh and Gillian Tett, “Peloton Fund Fall Highlights Danger of Overreaching, Financial Times, 4 March 2008.

14 The Carlyle Group,“Firm Profile,” www.carlyle.com/company (14 June 2008).

15 “Carlyle’s Debt Team Is a Secret Weapon” Investment Dealers’ Digest, 29 September 2003.

16 Ed Vulliamy, “Dark Heart of the American Dream” The Observer, 16 June 2002.

17 “Carlyle Capital’s Troubles Since IPO: Timeline,” CNBC.com, 13 March 2008.

18 Peter Lattman, Randall Smith, and Jenny Strasburg, “Carlyle Fund on Ropes as Banks Get Nervous” Wall Street Journal, 17 March 2008.

19 “Carlyle Capital’s Troubles Since IPO:Timeline.”

20 Ibid.

21 Edward Evans,“Carlyle Capital Nears Collapse as Rescue Talks Fail, Bloomberg News, 13 March 2008.

22 Roddy Boyd,“The Last Days of Bear Stearns” Fortune, 28 March 2008.

23 Kate Kelly, “Fear, Rumors Touched Off Fatal Run on Bear Stearns,” Wall Street Journal, 28 May 2008. Alan Schwartz left Bear Stearns two months after the sale of Bear Stearns to JPMorgan Chase was completed.

24 Mark Pittman, “Moody’s, S&P Defer Cuts on AAA Subprime, Hiding Loss,” Bloomberg News, 11 March 2008.

25 Kate Kelly and Serena Ng, “The Sure Bet Turns Bad,” Wall Street Journal, 7 June 2007.

26 “Testimony, Ben S. Bernanke, Developments in the financial markets: Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, April 3, 2008,