Bear lays off 310, joins mortgage companies

Story date: 2007-10-03 10:58:00
Added on: 2007-10-03 14:00:27

MSNBC - Stung by decaying credit quality, investors soured on many types of mortgage debt this summer. Selling home loans and other investments backed by mortgage debt became much more difficult this year, squeezing a key source of profit on Wall Street. Bear ...


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