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Bear Stearns Makes $1 Billion Bet on Continued Subprime Woes

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Bear Stearns CEO to retire following subprime woes.. Bear Stearns took its first quarterly loss as a public company last month and announced total subprime-related write-downs of $1.9 billion.

Ten Years Later: What Did the Financial Crisis Teach Us. –  · The 85-year old investment bank and second-largest prime brokerage firm in the U.S. headed by Jimmy Cayne-one of the most revered names on Wall Street-took a big leap into mortgage securities, and the implosion of two of Bear Stearns’ subprime hedge funds-Bear Stearns High-Grade Structured Credit Fund and Bear Stearns High-Grade.

The Bear Stearns case was the second case to go to trial, following the conviction in August of a former Credit Suisse broker on conspiracy and securities fraud charges in connection with a $1.

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Bear Stearns Cos. BSC.N ran into trouble as its High Grade structured credit strategies enhanced Leverage Fund made bad bets on collateralized debt obligations linked to the $583 billion subprime..

In this excerpt from his upcoming book "House of Cards: A Tale of Hubris and Wretched Excess on Wall Street," William Cohan, looks back to the spring of 2007 when Bear Stearns traders Ray Cioffi and Matthew Tannin lost roughly $1.6 billion while allegedly misleading investors.

"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.

But early this year the fund’s performance began to suffer as the market for subprime. 1.25 billion. But the trouble at Bear Stearns’ hedge fund is another illustration of the danger facing funds.

Bank of America analyst Michael Hecht said Bear’s smaller bonus pool could lead to attrition and hinder a strong rebound. Bear Stearns said it took a $1.9 billion. s subprime mortgage woes. He.

6 mins read. Liquidity Risk management: Bear Stearns Liquidity crisis Case Study: The Liquidity Run cycle. When property values began to plummet in 2006-2007, subprime mortgage payers defaulted on their payments which initiated a chain reaction whereby there was a significant drop in the cash inflows from these mortgages which would have been used to pay off the obligations on the derivate.

Hilco Real Estate Finance sold, rebrands as Jordan Capital Finance The firm was founded in 2007 and is headquartered in New York. We are a multi-strategy investment manager that deploys capital in opportunities across Corporate Finance (lending and distressed), financial assets (commercial, industrial and consumer loans as well as hard asset lending and structured finance), and real estate (equity and debt.

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