The Epic American Credit and Bond Bubble Laboratory 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 Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: benwood who wrote (82902)	6/20/2007 4:34:56 PM
From: Paul Kern	Read Replies (2) of 110194

EC Chief: Agency Monitoring Fallout From Bear Hedge Funds Last update: 6/20/2007 4:14:02 PM By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Securities and Exchange Commission Chairman Christopher Cox on Wednesday said regulators were tracking the fallout from the collapse of two big hedge funds at Bear Stearns & Co. (BSC), but noted the problems in the funds so far don't seem to be spilling more broadly to the markets. In an interview with Bloomberg Television, Cox said that "our division of market regulation is tracking that and I don't have anything to add to what you've already seen in published reports." He said that "our concerns are, as you might imagine, with any potential systemic fallout. So far so good on that score." The two Bear Stearns hedge funds mostly held investments in securities made up of loans backed by subprime mortgages - those offered to borrowers with less than stellar credit records. -By Siobhan Hughes, Dow Jones Newswires; 202-862-6654; Siobhan.Hughes@dowjones.com (END) Dow Jones Newswires June 20, 2007 16:14 ET (20:14 GMT)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next