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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 Bob Teree. This topic contains 1,652 news and 189 blog items. Read updated news, blogs, and resources about Fed Bailing out Bear Stearns. Find user-submitted articles and reactions on Fed Bailing out Bear Stearns from like-minded professionals.
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