HEDGE FUND BLOW-UP?
The headline: Dow Drops 146 Points on Fear of Blow-Up at Bear Stearns-Run Hedge Funds... Will the Undoing of this Bull Market Be Excessive Risk Taking by Hedge Funds? Two Big Bear Stearns (BSC) Hedge Funds Containing Mostly Mortgage Debt Close To Being Shut Down.
From A Report Filed By CNBC's Charles Gasparino: JPMorgan Chase (JPM) Has Deal With Bear To Unwind Position in Troubled Hedge Fund; Merrill Auctioning Bear Stearns Hedge Fund Assets.
CNBC Reporter Charles Gasparino joins the guys for this conversation.