While the storied Bear Stearns went up for a fire sale of $236 million to JPMorgan last week, less than one-tenth of its trading price, Bear hit another brick wall.

Bear Stearns faced a false start for its actively managed Bear Stearns Current Yield Fund, the first so-called actively managed ETF that was supposed to begin trading on last Tuesday under the symbol "YYY" on the American Stock Exchange.

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