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Goldman Sachs and Bear Stearns: A crisis mystery is solved

Source of 2008 CNBC report that suggested counterparties weren't trading with Bear Stearns is revealed in commission report

 The Bear Stearns logo is seen at their headquarters March 16, 2006 in New York City
The Bear Stearns logo is seen at their headquarters March 16, 2006 in New York City Photo: Getty Images

It has been called the bombshell that blew up Bear Stearns.

It happened on Wednesday, March 12, 2008, shortly after 9 am in an interview broadcast on CNBC. There, reporter David Faber asked Bear Stearns chief Alan Schwartz to respond to reports that Goldman Sachs wouldn't "accept the counterparty risk of Bear Stearns".

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