Federal regulators and top executives at JPMorgan Chase and Bear Stearns told lawmakers Thursday that the 11th-hour deal between the two firms prevented a collapse that could have inflicted serious damage to the American financial system and the broader economy.
11th hourBear bust could have been 'disastrous' - CEOsEconomic news - CNNMoney.com Thu, 04/03/2008 - 09:13
Top execs at both JPMorgan Chase and Bear Stearns told Senate lawmakers Thursday that the 11th-hour deal between the two firms, crafted with the aid of federal regulators, prevented what could have been serious damage to the American financial system and the broader U.S. economy. |
