Stories tagged with Timothy F. Geithner
NY Fed bails out Bear Stearns
By Laurie Bennett | March 15, 2008 at 10:28am | 0
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.
