Bear Sterns (BSC) Insolvent

Discussion in 'Trading' started by rougebear, Mar 11, 2008.

  1. rougebear


    per CNBC Charlie Gasparino, Feds actions today were specifically for BSC.

    'Traders said there was aggressive demand for "put" options, which give investors the right to sell stock at a specific price in the future. Michael Mainwald, head of equity trading at Lek Securities, told Bloomberg News: "There's an insolvency rumour and concerns on liquidity, that they just have no cash."