Bonds
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Bear Stearns Latest to Confirm Write-Downs
Nov 14, 2007Remarks made by Bear Stearns CFO Samuel Molinaro Wednesday confirmed that the investment bank will be making a billion dollar write-down of its subprime-related holdings, including CDOs and RMBS. Molinaro told attendees at a Merrill Lynch Banking and Finance Conference in New York that Bear Stearns has written off approximately $1.2 billion so far in the fourth quarter, with more possible as the rest of 2007 finishes out. The Associated Press reports:
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RBC: Fun and Games with CDO Losses
Nov 13, 2007 -
Moody’s: $10.3 Billion in US CDO Downgrades During October
Nov 09, 2007 -
ACA Capital Reports $1 Billion Loss on Secondary Market Woes
Nov 07, 2007 -
It’s a Simple Problem, Really: Borrowers Aren’t Repaying Loans
Oct 29, 2007 -
S&P Drops Ratings on $4.6 Billion in 2005 Subprime RMBS
Oct 15, 2007 -
Moody’s Cuts Lennar, Centex, Pulte Debt to Junk Status
Oct 11, 2007 -
MBA: 45 Percent of Treasury Securities Held by Foreign Investors
Oct 01, 2007
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