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... -interest loan of $1 billion from Goldman Sachs.

This total of 1.6 billion US dollars of funds mainly shorted four subprime mortgage-related investment bank stocks, namely Merrill Lynch, Citigroup, Bear Stearns and Lehman Brothers.

In addition, in Fund 2 and Fund 3, there are also many short contracts for these stocks, but the stocks shorted by these two funds are broader, not limited to financial stocks.

At present, Bear Stearns' stock short positions have all been closed, ...

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