Topic: Blogging - A Bear Stearns Executive’s Bailout Blog - New York Times

Over the weekend of June 17, executives at Bear Stearns scrambled to avert the collapse of two hedge funds. In the midst of the turmoil, Richard Marin, the head of the Bear unit that ran the troubled funds, âstole awayâ from the âcrisis-hedge-fund-salvation-workaholic weekendâ to see the new Kevin Costner thriller âMr. Marin wrote in a review he posted that day on his blog, Whim of Iron , a site that is now locked. Marinâs blog â” offer some insight into Bearâs response to the near collapse of the funds, says The New York Times. On June 23, he posted an entry saying he had spent two weeks âtrying to defend Sparta against the Persian hordes of Wall Street. Marin told The Times that the blog was personal, it did post pictures of him at Bear Stearns events and it included his corporate e-mail address. read more

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