Last March, Scott Coren and Michael Nannizzi, analysts at Bear Stearns, issued a report upgrading the stock of New Century Financial, a company that provides sub-prime mortgages to low-income homebuyers, from “underperform” to “peer-perform.” California-based New Century’s stock rallied on Coren and Nannizzi’s research note to investors, rising 3% in afternoon trading on Thursday March … Continue reading Questionable Trading Practices May Have Led to Bear Stearns’ Collapse