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To: Travis McGee; Halgr
This is such a laughing matter for some.

As of June 2007, ~$535M was invested in BSC with most of it in debt. I wonder how many other people's retirement funds went into the tank because of Bear Stearns. But, it's okay....Bear Stearns Paid Chief Cayne $40 Million Last Year, and then was able to sell his stake in the investment bank after J.P. Morgan Chase raised its offer for the failing bank from $2 a share to $10 a share -- netting Cayne about $61 million.

DOMESTIC EQUITY REPORT
Company			Shares		Book Price	Book Value	Market Price	Market Value
BEAR STEARNS COS INC	641,840.00	56.99		36,578,187.63	140.00		89,857,600.00


ASSET BACKED SECURITIES REPORT
Security			Rate	Maturity Date   Par Value	Book Value	Market Value	Yield
BEAR STEARNS ALT A TR		5.19	5/25/2035	2,788,878.17	2,813,944.74	2,806,069.09	5.16
BEAR STEARNS ASSET BACKED	5.84	6/25/2034	2,235,520.47	2,240,287.43	2,252,490.31	5.80
BEAR STEARNS ASSET BACKED SECS	5.44	12/31/2047	4,299,065.20	4,299,065.20	4,301,081.46	5.44
BEAR STEARNS ASSET BCK SECS TR	5.65	1/25/2036	1,200,929.95	1,200,929.95	1,202,994.35	5.64
BEAR STEARNS ASST BACKED SEC	5.87	9/25/2034	3,500,000.00	3,500,000.00	3,546,483.50	5.79
BEAR STEARNS MTG FDG TR		5.47	12/25/2036	4,538,039.50	4,538,039.50	4,531,270.11	5.48


COMMERCIAL MORTGAGE LOANS REPORT
Security			Rate	Maturity Date   Par Value	Book Value	Market Value	Yield
BEAR STEANS STRUCTURED PRODS	3.85	7/27/2033	36,267,461.54	23,967,460.18	25,255,717.23	5.53
BEAR STEARNS ARM TR		4.75	7/25/2035	200,636,866.23	155,163,140.12	160,503,362.71	5.94
BEAR STEARNS ARM TR		4.89	2/25/2034	62,341,134.92	48,405,992.77	49,316,690.95	6.18
BEAR STEARNS ARM TR		5.11	5/25/2033	20,256,326.66	16,079,896.68	16,323,741.05	6.34
BEAR STEARNS ARM TR		5.21	5/25/2034	37,968,710.75	30,034,751.35	30,213,199.17	6.54
BEAR STEARNS ARM TR		5.38	2/25/2033	3,765,407.15	2,972,070.55	3,046,642.47	6.65
BEAR STEARNS ARM TR		5.52	5/25/2033	16,453,255.09	13,098,479.05	13,235,075.01	6.86
BEAR STEARNS COML MTG SECS II	5.62	3/11/2039	53,254,134.20	41,759,071.31	42,529,879.72	7.04
BEAR STEARNS COML MTG SECS INC	5.30	10/12/2042	53,254,134.20	41,675,919.95	41,695,023.80	6.77
BEAR STEARNS COML MTG SECS INC	5.41	12/11/2040	19,365,139.71	14,787,192.35	15,343,401.87	6.82
BEAR STEARNS COML MTG SECS INC	0.21	5/11/2039	153,699,290.90	1,711,027.74	2,337,395.25	13.79
BEAR STEARNS COML MTG SECS INC	0.70	11/11/2035	151,999,280.99	4,341,404.23	3,971,095.73	26.91
BEAR STEARNS COML MTG SECS TR	5.20	12/11/2038	70,416,489.26	54,561,876.91	54,592,586.31	6.71


CORPORATE SECURITIES REPORT
Security			Rate	Maturity Date   Par Value	Book Value	Market Value	Yield
BEAR STEARNS COS INC		5.30	10/30/2015	15,000,000.00	14,795,744.42	14,167,277.55	5.61
BEAR STEARNS COS INC		5.59	1/31/2011	1,420,000.00	1,420,000.00	1,414,434.59	5.61
BEAR STEARNS COS INC		5.55	1/22/2017	40,000,000.00	37,738,150.00	37,784,555.20	5.88
BEAR STEARNS COS INC		5.35	2/1/2012	805,000.00	804,028.41	788,207.71	5.46
BEAR STEARNS COS INC		5.44	3/30/2009	5,400,000.00	5,403,105.94	5,392,777.50	5.45

265 posted on 04/01/2008 2:09:02 PM PDT by nicmarlo
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To: nicmarlo
I wonder how many other people's retirement funds went into the tank because of Bear Stearns

535 million is what percent of 250 billion? That fund makes and loses that much on an hourly basis.

Plus, you do realize that the asset backeds and the mortgage backeds are not the ultimate credit of Bear.

266 posted on 04/01/2008 2:46:41 PM PDT by groanup (After 20 years someone finally made money in gold. Now it's "I told you so".)
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To: nicmarlo

The only piece of this to take a hit with the BSC sale to JPM was the common stock. CALPERS will lose about $30MM on this piece since their cost basis was only $56.99/share.

The rest of this stuff is either debt to BSC (structured repos) which were protected by the transaction, or securitized products that were most likely non-recourse to BSC anyway. Their value is based on the collateral and have nothing to do with BSC.


271 posted on 04/01/2008 5:08:18 PM PDT by VegasCowboy ("...he wore his gun outside his pants, for all the honest world to feel.")
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