Friday, Jun 22, 2007
concern about a possible collapse sent
bloomberg.com: Bear Stearns Plans $3.2 Billion Fund Rescue to Halt Fire Sale
Bear Stearns increased efforts to salvage the fund, one of two that made bad bets on so-called collateralized-debt obligations, as concern about a possible collapse sent stocks and bonds of financial companies lower and pushed the perception of credit risk to a nine-month high. A loan agreement would prevent a fire sale, while increasing the risk to Bear Stearns, the second-biggest underwriter of mortgage bonds.
Posted by out of control speculators @ 01:58 PM (196 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.