Bear lends $3.2b to its troubled hedge fund

In what will no doubt be talked about in finance classes for years to come, the big news story today is that Bear Stearns has agreed to lend $3.2 Billion (about 25% (I did not verify this reported number) of its overall capital) to one of its troubled hedge funds.First the reports:Bear Stearns to Bail Out Troubled Fund - New York Times: "Bear Stearns, the investment bank, said today that it would