Re: Bear Stearns
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Just how much trouble is this company in? I have a friend who works there and she is a bit worried about their exposure to this mortgage trade. She's worried that their problems extend well beyond those two funds that blew up, and she says she can't rule out the company going under.
Any thoughts on this? I work for one of their competitors, but obviously Bear Stearns going under would be bad for much of the street.
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What area does she work in? I know a bunch of people who work there and most of them don't seem that worried. There's no real connection between their actual book (which probably looks more like those of their competitors except, they are probably better hedged) and the funds that blew up.
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