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Mortgage Trouble Rattles Wall Street

Bear Stearns, Goldman earnings reflect subprime bloodbath

By J. Kelman, Newser User

Posted Jun 14, 2007 10:54 AM CDT

(Newser) – Bear Stearns posted a 10% drop in quarterly earnings today, the latest victim of the subprime collapse. The country's second-largest mortgage-bond underwriter posted profits well below expectations, down nearly 33% from last year to $362 million. Goldman Sachs escaped bruised but more-or-less unscathed, with profits... Read full story »

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Mortgage Trouble Rattles Wall Street

Bear Stearns, Goldman earnings reflect subprime bloodbath

Goldman Sachs • subprime mortgages • business • Bear Stearns • earnings reports • finance • equity trading • US economy • investment banks

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