Friday 14 March 2008

How will this effect Britain

clipped from news.bbc.co.uk

Bear Stearns gets emergency funds
Bear Stearns offices


JP Morgan Chase will provide the money to Bear Stearns for 28 days with the Federal Reserve of New York's backing.


Bear Stearns has been at the centre of the US mortgage debt crisis, and there has been speculation that it was struggling to fund its daily business.


Bear Stearns is Wall Street's fifth largest investment bank.

 blog it
BADLY.

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