Richard Marin, the head of the Bear Stearns unit that ran its hedge funds, is a man in the spotlight. How does he deal with it? In part by writing a blog (invite only now), which the New York Times noticed and wrote about. Some choice entries: On June 23, he wrote he was "trying to defend Sparta against the Persian hordes of Wall Street." And "nothing like a good dog fight 24X7 for a few weeks to remind you why you chose the life you chose." And "the good news is that after two embattled weeks both I and my loyal staff are still standing to fight another day." His work also included some brief movie reviews. The Times chides him for taking in Mr. Brooks during the crisis over its two ailing hedge funds. Not sure how this went over with his boss. The blog was restricted to invited guests soon after it hit the press.
Our take on this news: Do we need to be blogged by an insider whose only interest in to manipulate the inquirers. We wouldn't believe a word his says!!
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