The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: saveslivesbyday	7/16/2007 7:38:19 PM
	of 306849

I'm still waiting for Bear Stearns to "come clean" today. Stay tuned on this. Bear Stearns Investors Await Tally on Losses 2 July 2007 The Wall Street Journal (Copyright (c) 2007, Dow Jones & Company, Inc.) Investors in two Bear Stearns hedge funds will have to wait until as late as July 16 to learn how much money they have lost. The Wall Street firm has had difficulty calculating the funds' fair value, apparently because many of the mortgage-related securities they hold are thinly traded and the market for them has been volatile. "In light of the Funds' circumstances, this process is more time-consuming than in prior periods," Bear's asset-management arm said in a "Dear Investor" letter dated Friday. It told investors that net asset values as of May 31 would be calculated "on or before July 16," and that it would make its best effort to calculate an estimate of the June 30 value of the two funds by the same time.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next