Quote Originally Posted by Freak Out
Quote Originally Posted by Joemailman
Bear Stearns accepts emergency funding and stock drops over 40%. They will probably not be an independent company much longer.

http://money.cnn.com/2008/03/14/news...ion=2008031414
We own them now.......what a joke. But I can see the FED having to do something because there was a run on the bank and they did not have the $$ to cover it.
It appears the Fed was worried that Bear Stearns going under would have a ripple effect on Wall Street. http://www.washingtonpost.com/wp-dyn...?nav=rss_print

The debate is whether it was really potentially that bad, or whether the Fed panicked.