The Secret Bear Stearns Blog

Everybody blogs, right? It sometimes seems that way: the head of the Bear Stearns unit that ran those suprime hedge funds into the ground? He was blogging while the hedge funds were gasping for air.

The New York Times found the blog, Whim of Iron, authored by Richard Marin, in which he talks about the stresses of trying to save those hedge funds:

"The blog was personal, he said, intended for his friends and family. It let him talk about movies, life on Wall Street and his efforts to lose weight. Still, the episode — and Mr. Marin’s blog — offer some insight into Bear’s response to the near collapse of the funds."

More: "On June 23, he posted an entry saying he had spent two weeks 'trying to defend Sparta against the Persian hordes of Wall Street.' ... 'Nothing like a good dog fight 24X7 for a few weeks to remind you why you chose the life you chose,' he wrote. 'The good news is that after two embattled weeks both I and my loyal staff are still standing to fight another day.' "

It sounds like Marin locked up the blog after he realized the N.Y. Times was going to write about it. It's now locked. But those people at the Times think fast: They captured some pages, so you can see what the blog looks like.

Comments? Thoughts?
Photo Credit: Wall Street Trading, by Reuters

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