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04/06/08
Bernanke: Bear Stearns deal not a bailout
Filed under: General, Business
Posted by: Lillian Wong @ 7:54 pm

WASHINGTON - The Federal Reserve’s unprecedented actions to prevent the collapse of Bear Stearns were taken to preserve the “integrity and viability of the American financial system” and did not represent any kind of bailout, Fed Chairman Ben Bernanke said Wednesday.  more…

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