Bear Stearns's Wall Street Rivals Reject Hedge Fund Rescue in LTCM Redux

(Bloomberg) -- Bear Stearns Cos. is getting a taste
of its own medicine.

It was Bear Stearns, the biggest broker to hedge funds,
that nine years ago declined to join 14 other investment banks
in the bailout of Long-Term Capital Management LP. Then last
week, as New York-based Bear Stearns pleaded for help to rescue
two of its hedge funds teetering on the brink of collapse, many
of the same firms refused to come to its aid.


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