Bear Stearns may fire president, but problems could grow

The Wall Street Journal reports that Bear Stearns is about to fire its co-president who is also head of its trading operations. He will be the highest-level person at the company to take the fall for the collapse of two hedge funds operated by the company and substantial trouble at a third. BSC shares have gone from $169 in February to $108 yesterday. And, that fall could continue. Firing management is rarely a sign that a company's troubles are behind it.

- Crash the economy or crash the dollar. The Fed dilemma. Turn on the taps, Fed!
Next episode : Crossroads!
(darn this is starting to sound Gundam-ish)

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