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To: ggersh who wrote (106788)1/18/2010 8:27:24 PM
From: mishedlo  Read Replies (2) | Respond to of 116555
 
Puts on Bear Stearns are completely logical.
PUTs did not bring down Bear Stearns.
Leverage brought down Bear Stearns and it would have collapsed a bunch of other banks too (and should have).

Bear Stearns deserved to die and did. There was no conspiracy to bring down the Bear.

Mish