HEDGE FUNDS file BK

[HLS]

Two BEAR STERNS Hedge Funds filed for bankruptcy protection today.

The funds both have HIGH GRADE in their names..
Isn’t THAT special……..

http://biz.yahoo.com/ap/070801/bear_funds.html?.v=3

[bsrsharma]

That is a bit old by now. What is more interesting is this nugget:

“The news comes amid media reports that Bear Stearns froze the assets in a third fund with exposure to the credit markets.”

This third fund is NOT leveraged and is NOT subprime. That folks is interesting – an unleveraged prime fund imploding. Early signs of potential systemic collapse?

[bsrsharma]

That is a bit old by now. What is more interesting is this nugget:

“The news comes amid media reports that Bear Stearns froze the assets in a third fund with exposure to the credit markets.”

This third fund is NOT leveraged and is NOT subprime. That folks is interesting – an unleveraged prime fund imploding. Early signs of potential systemic collapse?

[HLS]

A bit old ??
Although they announced problems two weeks ago, they only filed for BK protection less than 24 hours ago.

I guess that stating a fund is worthless and filing for BK protection is the same thing to you.

Apparently you already had them tried and convicted, so it was old news to you.

[HLS]

A bit old ??
Although they announced problems two weeks ago, they only filed for BK protection less than 24 hours ago.

I guess that stating a fund is worthless and filing for BK protection is the same thing to you.

Apparently you already had them tried and convicted, so it was old news to you.

[bsrsharma]

Yes; the moment I read “froze the assets”, I consider it is all over. I have rarely seen anything good ever happen after this near death experience (bruises from dot com implosion).

[bsrsharma]

Yes; the moment I read “froze the assets”, I consider it is all over. I have rarely seen anything good ever happen after this near death experience (bruises from dot com implosion).

[bsrsharma]

Very informative article by Cramer on “The Lie That Will Kill Hedge Funds”

http://www.thestreet.com/_yahoo/s/the-lie-that-will-kill-hedge-funds/markets/activetraderupdate/10372191_5.html

Summary: Most hedge funds will be bankrupt by end of year. Trillions of paper wealth will be gone. It will be interesting times, but the world will move on.

[bsrsharma]

Very informative article by Cramer on “The Lie That Will Kill Hedge Funds”

http://www.thestreet.com/_yahoo/s/the-lie-that-will-kill-hedge-funds/markets/activetraderupdate/10372191_5.html

Summary: Most hedge funds will be bankrupt by end of year. Trillions of paper wealth will be gone. It will be interesting times, but the world will move on.

[bsrsharma]

Very informative article by Cramer on “The Lie That Will Kill Hedge Funds”

http://www.thestreet.com/_yahoo/s/the-lie-that-will-kill-hedge-funds/markets/activetraderupdate/10372191_5.html

Summary: Most hedge funds will be bankrupt by end of year. Trillions of paper wealth will be gone. It will be interesting times, but the world will move on.

[mixxalot]

The number 2 guy at Bear Stearns got axed recently. Looks like Spector at Bear Stearns is behind the MBS security hedge funds. But he is gone now.

[mixxalot]

The number 2 guy at Bear Stearns got axed recently. Looks like Spector at Bear Stearns is behind the MBS security hedge funds. But he is gone now.

[mixxalot]

The number 2 guy at Bear Stearns got axed recently. Looks like Spector at Bear Stearns is behind the MBS security hedge funds. But he is gone now.

[kewp]

Has anyone else noticed that this subprime mess is probably the greatest example in history of the poor robbing the rich?

I mean, the poor folks losing their homes (that they’ve had for what, a year) is small potatoes to the fortunes that have been wiped out from these hedge funds.

Once the dust is settled, these same poor people are going to be buying back the formally rich peoples assets at fire-sale prices!

[kewp]

Has anyone else noticed that this subprime mess is probably the greatest example in history of the poor robbing the rich?

I mean, the poor folks losing their homes (that they’ve had for what, a year) is small potatoes to the fortunes that have been wiped out from these hedge funds.

Once the dust is settled, these same poor people are going to be buying back the formally rich peoples assets at fire-sale prices!

[Author]

Posts