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Stories tagged with James Dimon

NY Fed bails out Bear Stearns

By Laurie Bennett   |   March 15, 2008 at 10:28am   |   0 Comments

Bear Stearns, drowning in debt from its mortgage-related investments, received a lifeline yesterday from the Federal Reserve of New York.

Acting through JPMorgan Chase, the fed provided a line of credit to keep the bank solvent.


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