Still a sell
20 August 2008
Email
Share
Bear Stearns Fedassisted sale for $10 a share saw anyone who held its stock a year ago lose more than 90% of their money. Even before a government rescue, owners of Fannie and Freddie are now in the same boat. Put it down to complacent management, weak regulation and conflicts.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.