Welcome, Guest! - or
Easy to remember!  »  VinNews.com

New York, NY - Nation's Fifth-Largest Investment Bank: 2 Mutual Funds Are Bankrupt.

Published on: August 1, 2007 01:19 PM
Change text size Text Size  

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

More of today's headlines

Williamsburg, Brooklyn, NY - A controversial Brooklyn architect has been ordered to stop work on a luxury condo complex after neighbors complained that construction... Rockland County, Monsey, NY - Ramapo police conducted an under cover underage sale of alcohol sting operation. One cashier at the Rockland Kosher Supermarket has been...



Read Comments (1)  —  Post Yours »


 Aug 01, 2007 at 04:06 PM Anonymous Says:

Show me the money


to post a comment

Click here to sign-in.

Scroll Up

Sell your scrap gold and broken jewelry and earn hard cash sell gold today!