Bush, Praising Fed’s Intervention, Faces Criticism (NYT)
By STEVEN LEE MYERS
Published: March 17, 2008
Critics accused the administration of bailing out a prestigious bank while ignoring the hardships of Americans facing foreclosures on their homes.
LINK TO FULL POST AT "New York Times"
Showing posts with label Bear Sterns. Show all posts
Showing posts with label Bear Sterns. Show all posts
Monday, March 17, 2008
Sale Price Reflects the Depth of Bear’s Problems (New York Times)
Business
Sale Price Reflects the Depth of Bear’s Problems
By ANDREW ROSS SORKIN
Published: March 17, 2008
In a shocking deal to save Bear Stearns, JPMorgan Chase agreed to pay a mere $2 a share to buy all of Bear — less than one-tenth the firm’s market price on Friday.
LINK TO NEW YORK TIMES STORY
Sale Price Reflects the Depth of Bear’s Problems
By ANDREW ROSS SORKIN
Published: March 17, 2008
In a shocking deal to save Bear Stearns, JPMorgan Chase agreed to pay a mere $2 a share to buy all of Bear — less than one-tenth the firm’s market price on Friday.
LINK TO NEW YORK TIMES STORY
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