Last updated on: 2/29/2008 | Author: ProCon.org

Bear Stearns Companies Inc. Biography

Position:
Not Clearly Pro or Con to the question "Should the Government Allow Immigrants Who Are Here Illegally to Become US Citizens?"
Reasoning:

“Illegal immigrants constitute a large and growing force in the political, economic, and investment spheres in The United States. The size of this extra-legal segment of the population is significantly understated because the official U.S.Census does not capture the total number of illegal immigrants. In turn, the growth of the underground work force is increasingly concealing the economic impact of this below-market labor supply. Our research has identified significant evidence that the census estimates of undocumented immigrants may be capturing as little as half of the total undocumented population. This gross undercounting is a serious accounting issue, which could ultimately lead to government policy errors in the future.”

“The Underground Labor Force Is Rising To The Surface,” Jan. 3, 2005

Theoretical Expertise Ranking:
  Organizations/VIPs/Others
Individuals and organizations that do not fit into the other star categories.
Description:

“The Bear Stearns Companies Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., a leading global investment banking, securities trading and brokerage firm. Since 1923, we have helped corporations, institutions, governments and individuals reach their financial objectives.”

“Our Firm,” www.bearstearns.com, Mar. 28, 2007

Mission:

“The Bear Stearns Companies Inc. together with each of its subsidiaries and affiliates, are committed to the highest standards of business conduct and ethics. This Code of Business Conduct and Ethics, as written and amended from time to time, establishes standards that Bear Stearns deems necessary to deter wrongdoing and to promote compliance with applicable law, rules and regulations and honest and ethical conduct.”

“Our Firm,” www.bearstearns.com, Mar. 28, 2007

Other:
Public Investment Firm