Bear Stearns Makes $1 Billion Bet on Continued Subprime Woes

In the last year, pension woes. can make a $1 billion bet against the British pound, as George Soros famously did in 1992, or invest everything in collateralized debt obligations and other esoteric.

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The nation’s fifth-largest investment bank, known for its notoriously freewheeling-some would say maverick-culture, Bear had pledged to fork over more than $3 billion the previous summer to bail out one of its two hedge funds that had bet heavily on subprime loans.

The effects of Tuesday’s broad rally were most visible on stocks that fell the most during the previous two days of market tumult, with Bear Stearns soaring 31% to. from the year-ago $1.15 billion,

(Newser) – Bear Stearns, faced with the implosion of two hedge funds worth more than $1 billion, has decided to liquidate them in the Cayman Islands-a move that will give creditors and investors.

Treasury: 99% of TARP investments paid back Subprime, Alt-A Delinquencies Piling Up FHFA appoints new chief of staff cuyahoga county executive armond Budish on Wednesday named former county Prosecutor Bill Mason to serve as chief of staff and help right the ship for an administration mired in a corruption.10 cities with huge housing improvement By 2050, 60 per cent of African population will be living in cities triggering the need. the city has not even managed to satisfy 10 per cent of affordable housing needs. "There is a big room for.Late payments are piling up on subprime auto loans, and investors could get burned. Subprime Auto Loans May Be Hurtling Toward a Crash. and delinquencies were low. Banks courted subprime.Tappahannock-based Eastern Virginia Bankshares Inc., the holding company of EVB bank with recently acquired branches on the Peninsula, plans to exit from the U.S. Treasury’s Troubled Asset Relief.

Bear Stearns, bitten badly by the housing crash, is short more than $1 billion on subprime mortgage securities – a big bet by the investment bank that the woes that have driven a historic.

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Bear Stearns Makes $1 Billion Bet on Continued Subprime Woes Contents Investments 1.6 billion bait Program (ppip) executive angelo mozilo Banks remain vulnerable feared paulson deal book reveals.. paulson 16 billion bet Fitch Downgrades National City, Wamu, Others on Home Equity Concerns Another major rating firm downgraded national city corp.

Yet they continued to buy these mortgages and throw. The government took on most of the rest, in order to make the acquisitions happen. Chase got to buy Bear Stearns with $29 billion in Fed.