bank bailout: Fed Announces First "Official" Bank Bailout - 03/14/08 03:48 PM
Most of us knew this sad day would come. The feds announced earlier today that it is going to bailout Bear Sterns with the assistance of JP Morgan Chase (Chase Manhattan). Bear Sterns announced today that it has secured financing through the Federal Reserve Bank of New York with the assistance (1 comments)
bank bailout: Banks Get $200 Billion...Tell Me That Isn't A Buyout! - 03/12/08 12:41 PM
Yesterday, the feds in their infinite wisdom decided to pump an additional $200 Billion into the financial markets to help ease the credit and mortgage crisis even further. As soon as the news hit the markets, the Dow Jones Industrial started to climb and climb, eventually gaining over 400 points, the (9 comments)
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Charles Tharp ~ Inland Empire Real Estate & Short Sale Specialist
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