Wednesday, August 08, 2007

Bear Stearns Fat Cats Cashed Out at the Top

Wall Street bank Bear Stearns is right at the heart of the subprime mortgage meltdown. It's reeling from massive, multibillion-dollar losses at two hedge funds. And every investor who has watched the stock collapse from more than $172 to just $117.78 in a few months is probably kicking himself for not selling at least some back at the peak

read more | digg story

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