Back to basics

We take you back to the credit basics to review everything you thought you already knew but were too afraid to ask... Quantifi founder and CEO Rohan Douglas explains how to take a bank to the brink of disaster - and back again

The sudden downfall of Bear Stearns, one of the world's largest global investment banks and a mainstay on Wall Street, produced shockwaves that reverberated through Main Street, highlighting both the severity of the credit crunch and the fragile state of the economy. It also forced the Federal Reserve to take unprecedented action that may affect its future relationships with financial institutions.

The roots of Bear Stearns' collapse lie in the Bear Stearns High-Grade Structured Credit Fund and

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