Wednesday, August 01, 2007

LTCM getting some retribution?


from The Wall Street Journal.

July 31, 2007

Bear Stearns, already forced to shut two hedge funds that bet heavily on the risky subprime-mortgage market, is now facing big losses in a third fund that has roughly $900 million in mortgage investments, according to people familiar with the matter.

The $850 million Bear Stearns Asset-Backed Securities Fund has suspended investor redemptions and expects losses in July.

Also, Japan down over 1% right now.

Posted by: onlineaces [TypeKey Profile Page] at July 31, 2007 10:22 PM

Source: Bill Cara: Cara’s Daily Commentary, Tues., July 31, 2007, 11:09 AM

1 comment:

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