Fed, JPMorgan assist Bear Stearns
The Federal Reserve and JPMorgan Chase & Co. have agreed to provide secured financing to beleaguered Bear Stearns.
The Federal Reserve and JPMorgan Chase & Co. have agreed to provide secured financing to Bear Stearns Cos., whose cash position had “significantly deteriorated” in the past day.
The Federal Reserve said in a statement that it had voted unanimously to approve the arrangement, which will
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