What does it mean to pull a Bear Stearns?

Question

All I know is that it's a finance company.

Answer 1

That no company is 'too big to fail'

They got into the subprime mortgage fiasco too deep and couldn't pull themselves out.

We as tax payer are indirectly paying for their failure right now!

Answer 2

It means to get on the tax payers teat without any obligation to pay the tax payer back.

Answer 3

Bear Stearns filed for bankruptcy after a major scandal involving them and the financial industry.

So I guess if you pull a Bear Stearns you do something stupid to put yourself in a bad situation.

Answer 4

It was a finance company, mainly bonds, that got screwed in the mortgage crisis and needed to be bought by JP morgan Chase.

So I guess pulling a BS is to make bad managerial decisions leading to the destruction of your company and then get bought by a rival.