New York, NY - Nation's Fifth-Largest Investment Bank: 2 Mutual Funds Are Bankrupt. |
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Published on: August 1, 2007 01:19 PM
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Business News.
New York, NY - Two Bear Stearns Cos. hedge funds heavily exposed to the flagging mortgage industry filed for bankruptcy two weeks after the company told investors one was essentially worthless, and the other had lost more than 90 percent of its value.
Bear Stearns is the nation’s fifth-largest investment bank and specializes in mortgage-backed securities
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Aug 01, 2007 at 04:06 PM Anonymous Says:Report as Inappropriate
Show me the money