underhedged

On ahedgeda transaction, having too muchcash flowcommited toratednote debt coverage, leaving too little available for theincomenotes.

May 7, Landon Thomas Jr., Quarrel Erupts Between Bears Elder Statesmen, in

Instead, it was a collective failure of the governing five-man executive committee that over the years became so fixated on increasing the firms book value — and expecting the stock price to follow — that it lost sight of the concentrated,

exposure to the home mortgage market that left Bear vulnerable.

This page was last edited on 14 March 2019, at 10:17.

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