Real estate blog entries tagged with chase manhattan by Charles Tharp ~ Inland Empire Real Estate & Short Sale Specialist (Prudential California Realty)

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Home : Blogs : Charles Tharp ~ Inland Empire Real Estate & Short Sale Specialist : Charles' Thoughts : Tag "chase manhattan"

chase manhattan: 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 of Chase Manhattan, which is being used to funnel the cash to Bear Sterns. Chase Manhattan will not be responsible in case of default by Bear Sterns. According to Bear Sterns' CEO Alan Schwartz "our liquidity position in the last 24 hours has significantly deteriorated. We took this important step to … (1 comments)

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Charles Tharp ~ Inland Empire Real Estate & Short Sale Specialist

Fontana, CA

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