Is the subprime meltdown ending?
Is the subprime meltdown ending? Bear Sterns is taking a hit reportedly for insolvency issues caused by investments tied to MBS (Mortgage Backed Securities).  The problem are bond funds backed by mortgages, which in some cases they (the funds) do not know the value of the mortgage portfolios.  Earlier this week we discussed the case of Carlyle Group which defaulted earlier…