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Credit Crash - Bear Stearns Posts $854 Million 4Q Loss On Write Downs
Avatar Posted by jaydasree 993 days ago (http://money.cnn.com)
Category: business | Tags: subprime write downs traders banks
Bear Stearns posts first quarterly loss in its 84-year history. $1.9 billion write down of mortgage assets and reveals traders made many bad trades on interest-rate products, equity options and currencies.
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