Bear Stearns bailed out
The Associated Press
NEW YORK _ Bear Stearns Cos., one of Wall Street’s venerable investment banks, received a bailout Friday by the federal government and JPMorgan Chase & Co. in a surprise, last-ditch effort to save the 86-year-old institution.
The Federal Reserve responded swiftly to pleas from Bear Stearns that its coffers had […]
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