SEC Has "Comfort" with Bear Stearns' (BSC) Capital - Bloomberg
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According to headlines from Bloomberg, SEC Chairman Cox said the agency has "comfort" with Bear Stearns (NYSE: BSC) capital adequacy. Cox said the SEC monitoring capital at major US securities firms.
Yesterday, Bear Stearns had to publicly deny rumors of a liquidity crunch following an aggressive sell-off in the stock.
Bear is down another 5% today.
Yesterday, Bear Stearns had to publicly deny rumors of a liquidity crunch following an aggressive sell-off in the stock.
Bear is down another 5% today.
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