Tuesday, June 26, 2007

U.S. lawmaker: Bear Stearns woes won't cause meltdown

(Reuters) - Bear Stearns, the fifth-largest U.S. investment bank, said on Friday it would loan up to $3.2 billion to the High-Grade Structured Credit Strategies Fund, which suffered big losses on investments in the repackaged subprime mortgage loan market when homeowner defaults started rising.







Read more at Reuters.com Bonds News

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