Bear Stearns
Fed `Rogue Operation' Spurs Further Bailout Calls
Submitted by MichaelVail on Mon, 05/05/2008 - 12:21am.
A month after the Federal Reserve rescued Bear Stearns Cos. from bankruptcy, Chairman Ben S. Bernanke got an S.O.S. from Congress.
Recession, what recession?
Submitted by MichaelVail on Mon, 04/14/2008 - 12:44pm.
Who said anything about a recession? Sometime between the government bailout of Bear Stearns and the Bureau of Labor Statistics report that America lost 80,000 jobs in March, Lee Tachman spent roughly $50,000 last month on a four-day jaunt to Miami for himself and three close friends.
Fed acts Sunday to prevent global bank run Monday
Submitted by MichaelVail on Mon, 03/17/2008 - 5:24pm.
WASHINGTON (MarketWatch) -- Acting quickly to prevent a run on major global financial firms, the Federal Reserve cut its discount rate by a quarter percentage point to 3.25% and offered to lend money to a longer list of firms than ever before.
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