Shaky Markets Prompt Rumors of Who’s in Trouble

The global stock and bond markets these days seem to be playing a giant game of hide and seek.

In this version, played on a global field, investors are scrambling to discover which banks, hedge funds or public companies are holding potentially hundreds of billions of dollars in bad loans and subprime-related mortgage securities that are imploding.

On any given day, traders are exchanging rumors of a hedge fund that has blown up or a Wall Street brokerage firm that has incurred losses in subprime or other mortgage-related securities, creating a frenzy and a whipsaw of trading activity in the stock and bond markets.

Read Full Article from New York Times

- Posted: 2007-08-10 10:37:58

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