The Eerie Echo Of 2007: It Really Is Bear Stearns, All Over Again
by Tyler Durden
ZeroHedge.com
12/12/2015
In a supreme twist of irony, Bear Stearns is back – maybe not the firm itself – but the people who were in charge of its distressed and junk bond trading group, and just like the summer of 2007, it is an ex “Bear”-run hedge fund that was the first to gate, just as the credit cycle is turning and the default cycle has begun, as we explained last week, just one day before everyone’s attention finally focused on junk debt.
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