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Thursday, December 20, 2007

Bear Stearns: $1.9 Billion Writedowns

by Calculated Risk on 12/20/2007 09:46:00 AM

From the WSJ: Mortgage Bets Bite Bear Stearns

Bear Stearns Cos. posted its first quarterly loss in its 84-year history on higher-than-projected $1.9 billion in mortgage write-downs.
A billion here, a billion there ...

Posted by Calculated Risk on 12/20/2007 09:46:00 AM