Wednesday, July 18, 2007

Whoops!

Bear Stearns Tells Fund Investors `No Value Left' (Update1)

By Yalman Onaran

July 18 (Bloomberg) -- Bear Stearns Cos. told investors in its two failed hedge funds that they will get little if any money back after ``unprecedented declines'' in the value of AAA rated securities used to bet on subprime mortgages.

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