Nov 26, 2007

Bear Stearns

Part of a series The Great American Write-Down

Bear Stearns (BSC) wrote $820 million off in the third quarter and will take another writedown of $1.2 billion in the fourth. Moody’s and Fitch have stated that Bear Sterns still has too much exposure to subprime and CDOs.

Ex Bear Stearns co-president Spector gets no severance
Bear Stearns sued over mortgage losses
UPDATE 2-Moody's warns on Bear Stearns, Fitch cuts