1.0 link 52885 <![CDATA[Bear Stearns Bails Out Own Hedge Fund With Emergency $1.5B Loan]]> http://www.huffingtonpost.com/2007/06/19/bear-stearns-bails-out-ow_n_52885.html Bear Stearns Cos., the biggest broker for U.S. hedge funds, offered to provide $1.5 billion in loans to help rescue a money-losing fund run by its asset-management unit, a person familiar with the situation said.

The plan calls for New York-based Bear Stearns to provide the money only if some of the hedge fund's creditors, which include Merrill Lynch & Co. and JPMorgan Chase & Co., inject $500 million of cash into the fund, said the person, who declined to be...

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