set Management were preparing to seize the assets in the process of recovering the monies advanced by them. The funds with heavy borrowing were supposed to have invested funds in highly rated debt products. These debt products in turn were exposed to a large extent to bonds backed by subprime mortgage debt. After a month the investors in the funds were advised that they would be getting nothing from one fund and only 9 cents for a dollar in another due to enormous losses made by the funds. As a bailout measure
Bear had to grant $ 1.6 billion in emergency financing being one of the biggest attempted bailouts since the collapse […]
