Looks like Bear Stearns will pip all-comers to the post in the race to be the first to go bust!
FT Alphaville » Blog Archive » This Bear market This Bear market
The Bear rumours are back. As in Bear Stearns - stock down 12 per cent in New York on Thursday, while the five year CDS has gapped 120bp to 700bp. All sorts of uncorroborated rumours are flying.