Wednesday, Jul 18, 2007
Worse than expected.
Bloomberg: Bear Stearns Warns Hedge Fund Investors of Total Loss
The Bear Stearns products which hit the skids a month ago are now essentially worthless. Bear shares off 3% in after-hours, USD under further pressure overnight and risk aversion through the roof (again). There is a very nasty storm coming in my view.
Posted by stoatgobbler @ 07:14 AM (123 views) Add Comment
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