Mortgage Bets Bite Bear Stearns

[Anonymous]

http://online.wsj.com/article/SB119814096394842157.html?mod=googlenews_wsj

NEW YORK -- Bear Stearns Cos. posted the first quarterly loss in its 84-year history on higher-than-projected write-downs of $1.9 billion on its portfolio of residential mortgages and related assets.

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