(Reuters) - He also said the committee would hold a hearing this autumn
to examine the role credit rating agencies may have played in
valuing subprime packages.
Bear Stearns Cos. Inc. recently said it would
provide about $1.6 billion to bail out one of its two
struggling hedge funds that had big losses by making bad bets
tied to subprime mortgage loans, which are held by consumers
with weak credit.
Read more at Reuters.com Government Filings News
to examine the role credit rating agencies may have played in
valuing subprime packages.
Bear Stearns Cos. Inc. recently said it would
provide about $1.6 billion to bail out one of its two
struggling hedge funds that had big losses by making bad bets
tied to subprime mortgage loans, which are held by consumers
with weak credit.
Read more at Reuters.com Government Filings News
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