More people at Bear Sterns are singing the mortgage blues, joined by a chorus from Standard & Poor’s Ratings Services. Lowered its credit outlook on Bear Stearns Cos. to negative from stable, Standard & Poor’s Ratings Services said it was because of the investment bank’s exposure to the distressed mortgage and corporate buyout markets.

Also today, subprime lender HSBC said it was worried about looking bad on Facebook. Get real dudes – you are already looking bad with $10.6 billion (USD) in loan loss set-asides.

Related posts:

1. HSBC, Bear Sterns writedown billions HSBC said today it will take $3.2 billion in provisions...
2. Bear Sterns liquidity issues fueled by agitators? “There is no truth to the liquidity rumors,” Russell Sherman,...
3. What the world doesn’t need – Bear Sterns rumor Add to perceptions that greedy Americans caused the subprime crisis...
4. Bear Sterns was worth 90 percent less by Friday JPMorgan Chief Executive Officer Jamie Dimon yesterday agreed to buy...
5. Bear Stearns Alt-A absorbs Sub-prime Encore Credit Bear Stearns Residential Mortgage and Encore Credit Corporation will be...