Got the JPM issue with Bear, but that doesn’t explain the Fed’s sweetheart deal the finance JPM’s attempt to extricate itself. No reason the Fed could not have told JPM that if it was worried about its exposure it should man up and buy Bear, stopping the counterparty run and bringing all that great mortgage [...]
Archive for March, 2008
Bear Stearns Bailed Out By Feds
Posted in Finance on March 14, 2008 | Leave a Comment »
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