Bear sterns that gave himself 34mil bonus

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The company posted a net loss of $854 million, or $6.90 a share, in the fourth quarter - a first in the firm's 84-year history. NEW YORK () - Bear Stearns swung to its first quarterly loss ever Thursday and said it was taking a $1.9 billion writedown due to bad bets made on risky home loans, becoming the latest Wall Street firm to deliver disappointing quarterly results.

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