{"id":8047,"date":"2008-07-07T00:00:00","date_gmt":"2008-07-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-report-bear-buyout-could-cost-taxpayers","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2008\/hedge-fund-report-bear-buyout-could-cost-taxpayers.html","title":{"rendered":"Hedge Fund Report; Bear Buyout Could Cost Taxpayers"},"content":{"rendered":"<p>New York Post- Taxpayers are all but certain to take a hit on the securities the Federal Reserve accepted as part of JPMorgan Chase&#8217;s takeover of Bear Stearns, according to a report by a hedge fund that is an investor in JPMorgan. <\/p>\n<p> The reports comes as the Fed said last week said it valued the bundle of assets it accepted as collateral for the $28.8 billion loan at $28.9 billion as of June 26. <\/p>\n<p>  That&#8217;s a drop of 3.7 percent from earlier this year. <\/p>\n<p> JPMorgan is on the hook for just the first $1.15 billion of value below the loan amount &#8211; with the taxpayers having to make good for any additional deterioration in value of the collateral. <\/p>\n<p> &quot;We expect that the loss will exceed the $1 billion exposure for JPM,&quot; the hedge fund said in the report, a copy of which has been seen by The Post on the basis of not identifying the name of the fund. <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.nypost.com\/seven\/07062008\/business\/hedge_fund_report__bear_buyout_could_cos_118639.htm\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Post- Taxpayers are all but certain to take a hit on the securities the Federal Reserve accepted as part of JPMorgan Chase&#8217;s takeover of Bear Stearns, according to a report by a hedge fund that is an investor [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[310,136,179,134,1015,63,129,1315,133,1317,1258,1316,358],"class_list":["post-8047","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-100-million","tag-allocations","tag-best-performing-funds","tag-eliot-spitzer","tag-extra-security","tag-first-avenue","tag-losses","tag-market-neutral-fund","tag-paul-touradji","tag-prime-minister","tag-remorse","tag-subsidies","tag-value-investors"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8047"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8047\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}