Financials

Posted by Bobby Touchton
on Economy
03/17/2008 at 07:51:15 AM

What is happening with financial institutions of this country? How many banks can the government bail out. With the 5th largest bank in Bears Stearns being sold at a dirt cheap price, who is the next domino to fall?
       


Comments ( 1   total)

03/17/2008 at 10:00:18 AM
from John Doe

JPMorgan said the Fed will provide special financing for the deal. The central bank has agreed to fund up to $30 billion of Bear Stearns' less liquid assets, according to JPMorgan.

Must be nice to be in a situation that the government can through this much money into helping you buy a business.

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