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Daily Archives: June 15, 2007
Sub prime woes coming back to pinch Wall Street earnings
The Wall Street Journal and Bloomberg News both reported that Bear Stearns is scrambling to liquidate about $4.0 bln of high-grade mortgage-backed securities from its 10-month old High-Grade Structured Credit Strategies Enhanced Leverage Fund to raise cash. According to Hedge Fund … Continue reading
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New Reality for Real Estate
Today the Wall Street Journal reports on how rising rates and tightening lending standards are dampening deal making in the commmercial realty world causing even players as large and aggressive as Blackstone to blink. See Dawning New Realty for Real Estate: “The … Continue reading
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