BusinessWeek - Three years after the collapse of Bear Stearns, which helped fuel the worst financial crisis since the Great Depression, former executives of the firm are running bond businesses at onetime rivals, including Bank of America and Goldman Sachs . Alumni of Bear Stearns, which has been accused in lawsuits of misrepresenting the mortgages included in bonds, have contributed to a Wall Street rebound. Profits at broker-dealers totaled $89 billion in 2009 and 2010, the best two years on record, according to New York State's comptroller.
More...
More...