Bear Stearns (investment) Bank tells investors they will get little, if any, of the money invested in two of its hedge funds after rival banks refuse to help it bail them out.
[restored 4/27/2024]
Subsequent Events:
References:
http://unpan1.sn.org/intradoc/Groups/public/Documents/apcity/unpan033507.pdf
unpan1.sn.org/intradoc/Groups/public/Documents/apcity/unpan033507.pdf
Bear Stearns Tells Fund Investors ‘No Value Left’ (Update2)
www.bloomberg.com/apps/news?pid=206/01087&sid=ajzRNcPOZAdI&refer=home