Bear
Stearns Funds Own 67 Percent of Everquest
Bloomberg
News May 11, 2007 (New York)
By Jody Shenn
The potential for
conflicts of interest that would hurt investors buying such an
IPO are ``mind boggling'' because buyers would need to rely on
securities firms to assign prices to assets that have no ratings,
don't trade often and are difficult to value, said Janet Tavakoli,
president of Tavakoli Structured Finance Inc., a Chicago-based
consulting firm.
Many observers find
it ``curious'' that a surge in subprime mortgage defaults hasn't
resulted in a wave of disclosures of losses on CDO equity,
Tavakoli said.
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