Monday, Jun 25, 2007
What goes around comes around
bloomberg.com: Bear Stearns's `Friends' Reject Hedge Fund Rescue in LTCM Redux
Bear Stearns Cos. is getting a taste of its own medicine.
It was Bear Stearns, the biggest broker to hedge funds, that nine years ago declined to join 14 other investment banks in the bailout of Long-Term Capital Management LP. Then last week, as New York-based Bear Stearns pleaded for help to rescue two of its hedge funds teetering on the brink of collapse, many of the same firms refused to come to its aid.
Posted by out of control speculators @ 04:08 PM (202 views) Add Comment
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