Liquid Funding Ltd. was the mechanism through which insiders moved money out of Bear Stearns before the collapse. A compliance officer inside Cantor Fitzgerald told the FBI Sect'y Commerce Lutnick’s firm absorbed those who ran it — laundering Russian Mafia money through offshore shell companies. https://narativ.org/p/the-russian-mafia-is-inside-the-white #lutnick #mafyia #RussianMafia #corruption #BearStearns
When #JPMorgan purchased #BearStearns from the brink of failure in March 2008, the economy had shed jobs for 3-straight months, and the critical #construction sector had peaked a full 2y earlier. #Home prices peaked in the spring of 2007, chart @JPMorganAM
The implosion of #WashingtonMutual, as well as the investment #banks #LehmanBrothers and #BearStearns, was followed by a systemwide failure. From 2008 to 2015, more than 500 federally insured #banks failed.
Why are #Collectors Shelling Out $395 for #BearStearns Stock Certificates? Clue: #Lehman, #Enron, and #Trump Casino shares are also fetching high prices. Via #Bloomberg: https://www.bloomberg.com/news/articles/2019-07-09/collectors-are-shelling-out-395-for-bear-stearns-stock-certificates