Daily Archives: July 18, 2007

Sub-prime spreads out: admission of a problem is the first step

Posted on July 18, 2007 by Danielle Park

After a few weeks of speculation and hope for magical solutions, Bear Stearns this morning admits that its two failed sub-prime hedge funds have “no value left”.  Admitting the truth is the first step towards resolving problems, so this morning's … Continue reading →

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