Wednesday, March 19, 2008

Bear Stern collapse victim

I am so surprised, nobody said anything about CITIC losses.

I remember reading last november that CITIC bought 6% of bear stern.

http://www.economist.com/business/displaystory.cfm?story_id=10064501

"CITIC, China's largest securities firm, said on October 22nd that it would take a 6% stake in Bear Stearns, an embattled American investment bank, via a capital and equity swap; Bear Stearns will get 2% of CITIC in return. "

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