Ten Years and Four Days Ago at Grasping Reality: July 27, 2007

Must-Read: Ten years ago tomorrow it started:

Jacqueline Bell (2007): Bear Stearns Hedge Funds File For Bankruptcy: "New York (August 1, 2007, 12:00 AM EDT)—Two Cayman Islands-based Bear Stearns hedge funds... https://www.law360.com/banking/articles/31291/bear-stearns-hedge-funds-file-for-bankruptcy

... that ran into trouble over risky investments connected to subprime mortgage loans filed for bankruptcy protection late Tuesday. The two hedge funds, Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. and Bear Stearns High Grade Structured Credit Strategies Enhanced Leveraged Master Fund Ltd, filed for Chapter 15 bankruptcy protection in the U.S. District Court for the Southern District of New York.Both funds listed debts and assets in excess of $100 million in their bankruptcy petitions...