Fed Reacts to Save Markets, Global Markets Tumble
Mar 17, 2008 at 1:20 AM by Political Chase
It’s going to be a rough ride when the market opens in the morning.
For the first time since the Great Depression, the federal government took control of a major financial institution, by backing JPMorgan’s $30 Billion purchase of Bear Stearns. That’s approximately $2.00 for each share of Bear Stearns.
In an another act of desperation, the [...]
