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Bear Stearns Makes $1 Billion Bet on Continued Subprime Woes

of Bear Stearns and Deutsche Bank Estimates By putting the company. A couple of changes, and voila. all of a sudden a company with a negative present value is worth $1 Billion dollars. The.

Bear Stearns Makes $1 Billion Bet on Continued Subprime Woes By the end of June, Merrill held $41 billion in subprime CDO and subprime mortgage bonds. Since the average deal is between $1 billion and $1.5 billion, and the AAA debt is around 80% of each deal, Merrill must have been buying nearly all the top-rated debt from dozens of CDOs.

A similar hedging attempt by two Bear Stearns Cos. funds that invested in securities linked to subprime mortgages. of derivatives makes the banks black boxes that investors can’t decipher, said.

"Notwithstanding that Bear Stearns continued to have high quality collateral to provide as security for borrowings, market counterparties became less willing to enter into collateralized funding arrangements with Bear Stearns," said Cox. Bear Stearns’ liquidity pool started at $18.1 billion on March 10 and then plummeted to $2 billion on March 13.

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Bear Stearns Is Sued for $1.9 Billion By the Trustee of a Collapsed Fund. NEW YORK — A week after a federal judge cleared Bear Stearns Cos. of liability in the collapse of the Manhattan Investment Fund, the fund’s Chapter 11 trustee has sued the securities firm for $1.9 billion in damages. The suit, filed earlier this week in U.S.

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Daily Kos: $10 Billion Hedge Fund Now WORTHLESS: $10 Billion Hedge Fund Now WORTHLESS: From CBS Marketwatch: A Bear Stearns cos. hedge fund that made leveraged bets in the subprime mortgage market is worth nearly nothing, according to two people briefed by the investment bank.

"Notwithstanding that Bear Stearns continued to have high quality collateral to provide as security for borrowings, market counterparties became less willing to enter into collateralized funding arrangements with Bear Stearns," said Cox. Bear Stearns’ liquidity pool started at $18.1 billion on March 10 and then plummeted to $2 billion on March 13.

Bear Stearns, bitten badly by the housing crash, is short more than $1 billion on subprime mortgage securities – a big bet by the investment bank that the woes that have driven a historic.

MBA Secondary: FHA, Ginnie Mae, VA and USDA leaders outline policy updates Impac Mortgage (IMH) posted a first-quarter net loss of $3 million, or $0.33 per diluted share, as compared to a net loss of $738 thousand or $0.8 per diluted common share in the first quarter of 2013.

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