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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (82902)	6/20/2007 4:34:56 PM
From: Paul Kern	Read Replies (2) \| Respond to 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)