Bear Stearns has increased its subprime short positions to $1bn – up from $600m at the end of November.

While that might ordinarily seem like a conservative – if late – measure, it’s perhaps worrying in light of two other rumoured developments:

1. Goldman Sachs is apparently now, net, long subprime
2. JPMorgan is going long subprime

All very speculative, of course and possibly too good to be true. Hat tip to Dealbreaker – who pointed out the whole potential irony.

This entry was posted by Sam Jones on Monday, February 11th, 2008 at 10:30 and is filed under Capital markets. Tagged with bear stearns, goldman sachs, jpmorgan. Edit this entry.