17th
March
2008
Jim Cramer on Bear Stearns
posted in Business |Earlier today I was listening on the radio to them talk about how 30% of the Bear Stearns stock was held by employees and many of them mostly had the company stock in their retirement accounts- hadn’t they ever heard of Enron?
Of course this is actually very common in the financial industry- I’ve heard of some of the top firms (I won’t name names) that do all their 401k match in company stock. Folks in the financial industry really should know better. I usually like to avoid government regulation, but it does seem like the sort of thing someone should investigate / question.