Bear Stearns – JP Morgan Deal
The Federal Reserve Bank bears the brunt of the financial obligations in efforts to prevent the company from going bankrupt. The Fed has released about $29 billion dollars directly infusing it into the mortgage industry in efforts to stem the crisis from getting any worse. The move was to provide enough money for JP Morgan and Bear that would otherwise send them into bankruptcy further taking the economy into assured recession. The current problems plaguing the market have Wall Street traders shaking as they see signs of a total economic crash. The effects of America’s problems has circled the globes affecting markets in the UK and Asia while stock markets are holding their breaths as they try to anticipate any more fluctuations in the global economy.
April 11th, 2008 at 6:46 am
I opened this website for myself long time ago. Today it has become even better. I like the links and info that is given here, I just dislike some people. They make a lot of mistakes when posting or commenting. They are usually rude and have a bunch of problems I think. They spoil this website. I would want them to leave this place alone and go somewhere else to have their kind of fun.