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Will Bear Stearns go bankrupt?
Topics:
Investing
Business
Background
Several financial institutions went bust due to their overexposure to sub-prime mortgages. Sub-prime mortgages were mortgages sold to high-risk homeowners who could barely afford the payments. As the homeowners defaulted on their loans, many banks such as Bear Stearns were left owning houses worth less than the value of the houses’ loans. Ultimately the US Government had to bail out Bear Stearns.
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Quote
Date
Mostly Disagree
Punk, Ziegel & Company
Investment Bank
Richard Bove
Financial Analyst
Rumors arguing that a third party is going to make an investment in the firm make sense to me...
26 Sep 2007
Source
Mostly Disagree
Standard & Poor's Equity Research
Financial Research Firm
We are keeping our target price of $135, 1.5 times projected book value...
22 Oct 2007
Source