Daily Briefing: Bearing Up

[Joelle]

Daily Briefing: Bearing Up
      

With its share price collapsing, and ultimately going for $2, was Bear Stearns too big to fail, if only just? JPMorgan is buying Bear for just one-fifteenth of the price the shares closed at on Friday, and down from $172.61 last year. The backing of the Federal Reserve certainly made it easier for JP Morgan [...]
         

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