Text size [+][-] Wednesday August 20 2008GLOBAL EDITION
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by Richard Beales
Bear Stearns’ Fed-assisted sale for $10 a share saw anyone who held its stock a year ago lose more than 90% of their money. Even before a government rescue, owners of Fannie and Freddie are now in the same boat. Put it down to complacent management, weak regulation and conflicts.20 Aug 2008
by Edward Hadas
When Ferrovial bought the UK airport operator in 2006, the price was considered rich, even by the era’s frothy standards. The Competition Commission has decided the Spanish owner should sell off three airports. There are many bidders, but none of them may be willing to pay up.20 Aug 2008