主题：今日不卖空GM，更待何时？ -- 倥偬飞人

借飛人兄的帖子。

Bear Stearns hedge funds爆煲，可能觸發大問題。看來應會出手救亡，以免事情更擴大。不知飛人兄可有多些資料？

"But now the pain is being felt by Wall Street. The two big Bear Stearns hedge funds that neared collapse last week were full of tricky investments tied to subprime mortgages. To try to ensure that hundreds of billions of dollars worth of similar investments don’t also plummet, endangering the financial system, Congress may finally have to do more to help lower-end borrowers. That, in turn, would prop up the investments based on their mortgages.

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And yet, the possibility of economywide problems from further Bear Stearns-like debacles is real. The Bear Stearns funds, like many others, borrowed big to invest in subprime loans. Investing with borrowed money juices returns in hot markets and magnifies losses in down markets, making losers out of lenders as well as equity investors.

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