more bad news for Bear Stearns

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NY_HOOD

NEW YORK (AP) -- Bear Stearns Cos. said Sunday that co-President and co-Chief Operating Officer Warren Spector has resigned following the meltdown of two hedge funds that invested in risky mortgage-backed securities.
 
Quote from NY_HOOD:

NEW YORK (AP) -- Bear Stearns Cos. said Sunday that co-President and co-Chief Operating Officer Warren Spector has resigned following the meltdown of two hedge funds that invested in risky mortgage-backed securities.
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Well now we have an opening indication for the broker-dealer index on monday.

things must be a tad worse than indicated at BSC
 
Quote from stock_trad3r:

um no big deal
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In your bullish little world, what exactly would be a "big deal"?

Seriously, what would make stock_trad3r hit a bid to go flat or *gasp* short? :eek:
 
Quote from ChiBondKing:

nah.. spector was revered on wall street as a financial wunderkind....


I say BSC down to 80 in the coming week.

LEH to 47.
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Well, he really phucked-up here, no? I'll lay 100:1 against BSC at 80 this week.
 
Quote from atticus:

Perversely, this will be viewed as a positive. BSC opens higher tomorrow.
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perhaps..

all that was bad at BSC has now been tossed overboard, the ship can now sail forward stronger..
 
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