Bear Stearns 2.0? UK’s Largest Property Fund Halts Redemptions, Fears “Vicious Circle”

by Tyler Durden
ZeroHedge.com
Jul 4, 2016

In the summer of 2007, two inconsequential Bear Stearns property-related funds were gated and then liquidated, exposing the reality of the US housing bubble and catalyzing the collapse of the financial system. Fast forward eight years later when the UK’s Standard Life has been forced to stop retail investors selling out of one of the UK’s largest property funds for at least 28 days after rapid cash outflows, due to fears over falling real estate values: “the risk is this creates a vicious circle, and prompts more investors to dump property.”

The Rest…HERE

This entry was posted on Tuesday, July 5th, 2016 at 10:14 am and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.