0 No bull, someone banked $270 million from Bear Stearns fall
Yay, Bear Stearns got a federal bailout, and we taxpayers got stuck with the check! Even better, someone was smart enough to see the investment firm rolling to an epic collapse, and oh did they profit, said The Independent.
The derivatives trade involved put options that gave purchasers the right to sell 5.7 million Bear Stearns shares for $30 each on 20 March, and 165,000 shares for $25 each also on 20 March, according to Bloomberg data. The options cost the ...
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