From the WSJ. Looks like we're not out of the woods yet, not by a long shot.
Murt
"Another Bear Stearns Hedge Fund Is in Trouble
By Kate Kelly
Bear Stearns Cos., 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 fund, known as the Bear Stearns Asset-Backed Securities Fund, ran into trouble in July and has refused to return investors' money for the moment, according ..."
http://online.wsj.com/article/SB118591963252683893.html?mod=home_whats_news_us?mod=djemalert
Murt
"Another Bear Stearns Hedge Fund Is in Trouble
By Kate Kelly
Bear Stearns Cos., 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 fund, known as the Bear Stearns Asset-Backed Securities Fund, ran into trouble in July and has refused to return investors' money for the moment, according ..."
http://online.wsj.com/article/SB118591963252683893.html?mod=home_whats_news_us?mod=djemalert