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03/15/08
Bear Stearns bailed out by Fed, rival bank
Filed under: General, Mortgages
Posted by: Lillian Wong @ 1:19 pm

NEW YORK - Bear Stearns Cos., one of Wall Street’s venerable investment banks, received a bailout Friday by the federal government and JPMorgan Chase & Co. in a surprise, last-ditch effort to save the 86-year old institution.  More…


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