Bear necessities.

Financial Adviser, March, 2008

The sale of Bear Sterns, the US's fifth-biggest investment bank, to JP Morgan at a knock-down price last week, has sparked global fears of a return to a 1930s-style economic meltdown. However, ironically, by stepping in to bail out the financial markets from their excesses, policymakers and central bankers may sow the seeds of the next crisis.. Andrew Clare

Look for the bear necessities, the simple bear necessities, sang Baloo the bear in Walt Disney's version of Rudyard Kipling's The Jungle Book.

If only Wall Street's own bear had done that, instead of greedily seeking out higher and higher returns with increasingly risky investment activities. If they had, perhaps the Fed would not have found it necessary to mount a rescue bid with the help of...

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