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The firm's plan to shore up two hedge funds hit by the subprime mortgage mess favors the one that's in better shape
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A prominent hedge fund's implosion revives fears about the poisonous influence in America's subprime-mortgage market (via Michael Panzner)
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Bear Stearns Companies, the investment bank, pledged up to $3.2 billion in loans yesterday to bail out one of its hedge funds that was collapsing because of bad bets on subprime mortgages.
links for 2007-06-24
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