MetaFilter posts tagged with bearstearns

I'm good at that, I must be good at this too....

anotherpanacea — Mon, 27 Jul 2009 05:10:23 -0800

The uptick rule

anotherpanacea — Sun, 26 Oct 2008 12:04:45 -0800

Rule 10a-1, otherwise known as the uptick rule, provided that, subject to certain exceptions, a listed security could only be sold short at or above the last sale price. The uptick rule was introduced in 1934 when the public blamed bear traders for the 1929 crash, and was eliminated in July of 2007 after a temporary pilot program. The SEC is now considering reinstating the rule, an effort buoyed by rumours that downtick short-selling may have facilitated an alleged 'bear raid' on Bear Stearns.

A world of Casey Serins

Asparagirl — Wed, 11 Jul 2007 17:13:46 -0800

What's the link between:
1) the quickly-growing number of American homeowners becoming unable to pay their mortgages after their ARM's reset (a trend nicknamed "ARMageddon" -- applicable in the UK too), which is translating into soaring foreclosure rates, and in turn forcing at least 60 US semi-shady mortgage brokers to go belly-up in the past year (i.e. the "subprime meltdown"), and...
2) the recent implosion and impending financial bailout -- which may become the biggest since the Long Term Capital Management fiasco of 1998 -- of two Bear Stearns hedge funds which dealt in mortgage securities? [more inside]