Word: beare
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...Morgan had the opportunity to potentially pick up businesses that were extremely profitable,” Bergstresser added, “but the question then and now is whether it was worth the risk that was taken on as well as the price paid for Bear. That remains to be seen...
...source of capital dried up, Bear was forced to attempt to sell off assets in order to increase its own capital and meet prescribed liquidity ratios. Ultimately, JP Morgan purchased Bear...
...Talented employees will go elsewhere and clients who don’t want to deal with the turmoil will look to other firms to do business,” Rose said. “In addition, there are big cultural differences between Morgan and Bear, and solving these issues is a big exercise of time and attention...
However, according to Bergstresser and Rose, the reasons to purchase Bear in the end seemed to outweigh the risks...
...addition, it was clear that buying Bear was important to the financial system, and this weighed heavily on any decision,” Rose said...