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Bear Stearns subprime brouhaha

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A group of hedge fund managers is accusing Bear Stearns of trying to manipulate the market for securities backed by subprime loans by purchasing shaky mortgages. The accusations come as the market for securities backed by subprime loans has stabilized, potentially damaging investors–like the hedge funds now pointing fingers at Bear Stearns–who bet against it just a few months ago. more [WSJ]

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