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Reuters: Fed comes to Bear Stearns' rescue; shares dive

Started by chris, March 15, 2008, 12:01:02 AM

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chris

Fed comes to Bear Stearns' rescue; shares dive
      


NEW YORK (Reuters) - Bear Stearns, slammed by a sudden cash crunch, hammered out an emergency funding deal with the Federal Reserve and JPMorgan Chase, intensifying fears the global credit crisis will claim more victims and driving Bear's shares down by as much as half.
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