The CEO of Bear Sterns, Alan Schwartz, appeared on CNBC to talk about rumors of liquidity problems at the firm.  As we all know the firm literally collapsed just days after this interview.  We had the Believability Meter analyze the key statements in this interview.  The conversation covers rumors that other Wall Street firms will not cover new counter party risk of Bear Sterns but Schwartz denies this and claims it is nothing more than "administrative pressure."  He states Bear Sterns is not being made aware of anyone on Wall Street who has concern about the firm and speculates on why this rumor started.  The rubber meets the road at the end of the clip when he states that Bear Sterns' balance sheet has not weakened and they reported a "$17 billion of cash sitting at the parent company."  Well, then there is nothing to worry about then, right?