Archive for the ‘Bear Stearns’ Category
Cramer loses it
This is %$#$ing hilarious
He’s almost in tears. Blood is on the street man!!
This can probably be traced back to his call to buy Bear Stearns a couple weeks ago 
Bear Stearns funds have “effectively no value”
Just posted this on NP:
Holy crap. So much for collateral…
Bear says troubled funds have “very little value”
Excerpt:
“The preliminary estimates show there is effectively no value left for the investors in the Enhanced Leverage Fund and very little value left for the investors in the High-Grade Fund as of June 30, 2007,” according to the letter. A copy of the letter was obtained by Reuters.
Separately, a source familiar with the funds said the net asset value for the High-Grade Structured Credit Strategies Fund is about 9 cents on the dollar.
Edit: More from Bloomberg
Bear Stearns Warns Hedge Fund Investors of Total Loss
It seems they conveniently had enough left after selling assets to pay the parent back the loan it made. Nice. I almost feel sorry for the investors. Not! I do think this is a wake up call. Good bye high yield credit spreads.
Still waiting on Bear Stearns
I’m not the only one (obviously) who is anxiously awaiting Bear Stearns to report their losses.
I don’t think I agree with some of the statements made in the article, e.g. I think MBS and CDS are more liquid than the article suggests, but thought I’d provide the link anyway.
Tick… tock… tick… tock…
Bear Stearns doom and gloom
Over on Nuclear Phynance I predicted that today would be an “interesting day”
Posted July 8, 2007:
All I can add is that I think July 16 will be an interesting day
The reason being that Bear Stearns was suppose to report their losses today and I thought they would be a lot worse than people expected. From Reuters:
