tag:blogger.com,1999:blog-3782644139927778760.post-84515913345922329312008-03-25T08:50:00.000-04:002008-03-25T08:50:00.000-04:002008-03-25T08:50:00.000-04:00you are right to detect a note of sympathy running through the media commentary on Bear Stearns. I guess the rationale could be that the journalists feel that Bear was unfairly beaten to death (almost) by speculators and perhaps fellow institutions. Implicit in this is the belief that no big American financial institution can really fold up now. That betrays a mindset of denial about the problems.Ananthahttp://www.blogger.com/profile/16978858400004505965noreply@blogger.com