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The only Bear reference worth noting

thereverendfyf

Published: 15 Mar 2018 › Updated: 15 Mar 2018The only Bear reference worth noting

The only Bear reference worth noting

The only Bear reference worth noting is Bear Stearns as we come up on the anniversary of its collapse in 2018.

These were two headlines I found funny today:

"10 Years Ago Bear Stearns Collapsed; Larry Kudlow Was Its Chief Economist When I Joined"
https://www.zerohedge.com/news/2018-03-15/blain-10-years-ago-bear-stearns-collapsed-larry-kudlow-was-its-chief-economist-when
and after reading the article I strongly disagree, the Chinese are much better off parking their money elsewhere, including European sovereign debt

and this headline:
Rollback of Dodd-Frank Provisions Clears Senate On 10-Year Anniversary Of Bear Stearns Collapse
https://www.zerohedge.com/news/2018-03-15/rollback-dodd-frank-provisions-clears-senate-10-year-anniversary-bear-stearns

zerohedge puts it nicely:
"Recall that nearly 20 years ago Congress and Bill Clinton repealed Glass Steagall - which allowed banks to take on massive risks, shortly before Barney Frank pushed banks to extend subprime and "liar" loans to under-qualified applicants, which were then packaged into AAA paper and leveraged into oblivion.

And once again, history repeats itself..."

In any case, I know nothing about Kudlow because I don't watch NBCUniversal broadcasts.

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