1.5 Billion dollars of investor money has been lost and the COO resigns. This smells of Enron and nobody knows the real story. An AP article released today states "Bear Stearns made wrong-way bets". Nice to know that reputable market makers are in the habit of making bets!
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Aug 5, 2007
Hedge Fund Gambling, Bear Stearns COO Resigns!
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1 comment:
Thanks for writing this.
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