Head of government agencies and investment banks went before a Senate committee to defend the Fed rescue of Bear Stearns, saying greater economic harm would have resulted if action weren't taken.
Bob Moon reports.
Is Wachovia news start of a wild ride?
With Wachovia posting an unexpected first-quarter loss of $350 million, investors are left to wait and wonder what's coming up around the next curve...
Fed hopes auction will get things moving
The Fed has pumped another $75 billion into the frozen credit markets with the first auction of loans to investment banks that it promised as part of...
Why the changes to Bear Stearns deal?
If $2 a share in the JPMorgan-Bear Stearns deal engineered by the Fed wasn't enough for stockholders, will $10 a share satisfy them? And is this now...
Stearns investors bear a grudge
The JPMorgan buyout of Bear Stearns seems to have appeased the markets, but it also angered many Stearns shareholders. Now some are suing, claiming...
Once-mighty Bear killed by subprimes
Once one of the top investment banks on Wall Street, Bear Stearns was offered a mere $2 a share in a bailout deal offered by JP Morgan. Janet Babin...
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