The Marble Ryan Lock of the Week
Lock of the Week, Week 6 | (2)
After going 1-2 with our last three picks, I would compare the level of panic and intensity among the staff at the Marble Institute to that of, say, the equities trading floor at Bear Stearns on Friday, March 14th, 2008. On that day, the company's senior management hosted a conference call proclaiming that there would be no run on the bank, that the company's lines of credit were secure, and that all relevant counterparties maintained the utmost confidence in Bear's operations and liquidity. Despite the display of enthusiasm, the 50% collapse that day of Bear Stearns stock into the $30/share ...