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Subprime losses ravage Bear Sterns funds

This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 2 years 126 days ago (ft.com). Views: 120
Tags: housing bubble real estate housing hedge funds subprime

Related Tags: credit crisis gold wall street economics peter schiff inflation banks

Bear Stearns on Tuesday told investors in two stricken hedge funds managed by the bank that one fund had lost all its value and the other had about nine cents remaining for every dollar invested following bad bets on the US subprime mortgage market. The losses, especially for the less leveraged of the two funds, were worse than investors expected. The near collapse of the two funds was an embarrassment to Bear Stearns, a leader in the packaging and sale of mortgage-backed securities.

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Housing Bubble and Bear Links (1,504 Links)

Created by ian 2 years 226 days ago in Finance. Views: 12,002. Link Views: 396,451
Tags: housing bubble investing real estate subprime mortgage finance economics
Related Tags: wall street business stocks video politics consumer issues credit crisis

This channel was created on April 10, 2007, during the peak of the housing mania, to warn investors of the coming collapse in home prices. For quite some time we have warned investors to get out of U.S. stocks. This channel represents the best of the [More...]

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