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Reuters: Fed comes to Bear Stearns' rescue

Started by dave, March 15, 2008, 10:01:03 AM

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dave

Fed comes to Bear Stearns' rescue
      


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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