Government Screwed Bear Stearns: NY Fed Welched On Loan, Forcing Sale by Best buisness credit card for cash back

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Wed, 23 Apr 2008 09:23:46 -0400

Government Screwed Bear Stearns: NY Fed Welched On Loan, Forcing Sale

by Best buisness credit card for cash back @ Wed, 23 Apr 2008 09:23:46 -0400

JPMorgan Chase's secured lending facility was supported by a non-recourse, back-to-back loan from the New York Fed through its discount window. Also during the evening of March 13, 2008, at Bear Stearns' direction, Lazard began ...
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