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Knowledge@Wharton is the online research and business analysis journal of the Wharton School of the University of Pennsylvania. Launched in 1999 to disseminate knowledge from the school and other sources to a global business audience, it is published in English, Spanish, Portuguese and Chinese. The Knowledge@Wharton Network has more than 600,000 registered users worldwide.

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Jeremy Siegel on Bear Stearns, Rate Cuts and the Looming Threat of Inflation

Posted on March 19, 2008

The ongoing credit crisis in U.S. financial markets has claimed a huge and high-profile victim: Bear Stearns. After being slammed by what amounted to a run on the bank during the week of March 10, the Wall Street investment bank and securities brokerage firm agreed to be acquired -- for $2 a share -...


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