If the SEC does not fully investigate we will never know. The CEO of a 100+ yr old company states they are well capitalized and 10 days later they go bust deserves full investigation.
They should investigate. I'll bet the Bear Stearns options specialist who sold those puts wants to know who bought them. I'd like to know too.
The CEO of a 100+ yr old company states they are well capitalized
Bank runs tend to reduce your capital.