Bear Stern's collapse indicates hiding of liabilities, IMHO
A publicly traded company like Bear Stern (BS) is constantly being
scrutinized by insiders and outsiders, such as financial analysts and
investment managers. Usually these buy-side equity analysts are
extremely well-educated people working for other financial services
companies, like insurance, pension, mutual funds, etc. However, even
after analyzing BS, they were not able to detect that something was
catastrophically wrong with the company's operations.
I simply refuse to believe that BS was forthcoming about its
liabilities. I'm very sure that they, in fact, hid their liabilities
from investors.
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