18 years ago today, Bear Stearns collapsed
— Michael Burry Stock Tracker ♟ (@burrytracker) March 16, 2026
At its peak, it was one of the most powerful banks on Wall Street with a valuation of $20B
Its collapse set off a crisis that wiped out $19 trillion in American household wealth:
• 85-year-old bank → erased in 72 hours
• Stock:… pic.twitter.com/JKOXpnPrZj
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One response to “I Think History Is about to Rhyme”
Welcome to Wall Street–which is just a massive casino. Unlike Las Vegas where the games are strictly regulated and the payouts monitored, with the games check to be up-and-up…. there are few checks and balances in NYC. Okay–the FTC looks at stuff–but behind the scenes it’s a crap game. Just look at congress and their insider trading. Which congress freako went into congress a few years ago with a net worth of less than 100k and is now worth over 30 million? You don’t know who’s dumping what and where–or what they are trying to sell you. And don’t let me get started about this big game they have called ‘derivatives.’ And guess who’s money they are gambling with?