Who'll Be Left Standing?

On Feb. 20, 2008, my husband, Peter Nesvold a newly minted partner at Bear, Stearns & Co. Inc. came home and said, I think my firm is going bankrupt. I told him he was crazy, that Bear Stearns had one of the strongest balance sheets on Wall Street. And I teased him about being the poster child for doom and gloom. Peter had been predicting the sky would fall since early 2005. That was when he examined

On Feb. 20, 2008, my husband, Peter Nesvold — a newly minted partner at Bear, Stearns & Co. Inc. — came home and said, “I think my firm is going bankrupt.”

I told him he was crazy, that Bear Stearns had one of the strongest balance sheets on Wall Street. And I teased him about being the poster child for doom and gloom. Peter had been predicting the sky would fall since early 2005. That was when he examined our five-year adjustable rate mortgage and concluded that our monthly payme

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