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Barbara Black
Charles Hartsock Professor of Law
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Univ. of Cincinnati College of Law
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« SWFs' Power Raise Concerns over Political Control | Main | Chair Cox Speaks on Cross-Border Securities Markets Mergers »

December 20, 2007

Bear Stearns Announces 4th Quarter Loss

Another day, another financial institution announces a loss because of mortgage writedowns.  Bear Stearns reports a net loss of $854 million for the fourth quarter and a revenue loss of $379 million.  Its top executives will forego their annual bonuses.  WSJ, Mortgage Bets Bite Bear Stearns.

December 20, 2007 in News Stories | Permalink

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