Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Thursday, 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.

http://lawprofessors.typepad.com/securities/2007/12/bear-stearns-an.html

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