Replies to post #594789 on Zeev's Turnips Patch-No Politics (ZEEV)

[S Chun-Li]

Can you explain how shorters destroyed bear?

I thought it was their own balance sheet that destroyed them. The value of shares does not affect the balance sheet.

[Greybeard]

Bruce, Bruce, Bruce. Bear was taken down for their unwillingness to help with the LTCM bailout (the other Wall Street banks paid into). It was just a matter of time and circumstance that the street would payback Bears intransigence. In a sense it was Bears arrogance that caused their own downfall.