accountHONG KONG/LONDON (Reuters) - An emergency rescue of Bear Stearns Co Inc (BSC.N: Quote, Profile, Research) stunned the...
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FED BAILING OUT BEAR STEARNS
This topic covers the controversial announcement that the Federal Reserve Bank and J.P. Morgan are orchestrating the acquisition of Bear Stearns by J.P. Morgan to stave off a classic run on a major investment bank. The thinking is that Bear Stearns is 'too big to fail' and must be backed by the federal government -- at least for the short-term to fend off a domino effect in failures.
Fed Bailing out Bear Stearns is part of Business Exchange, suggested by
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Major index futures plunged Monday as fears about the financial system intensified after JPMorgan's fire-sale buyout of...
Action Economics still expects a rate cut of 50 basis points Mar. 18, though the Bear Stearns bailout could alter the...
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Top Sources: Fed Bailing out Bear Stearns
- The Times
- CNN Money
- MarketWatch
- Conde Nast Portfolio
- New York Times
- BusinessWeek
- Los Angeles Times
- CNN
- CNBC
- Reuters
