Bear Stearns Bailout

John McCain And The Economy: Candidate Must Find Way To Separate From Bush

Posted 03.28.2008 | Business


Excerpted from the LA Times: Though McCain, Clinton and Obama have talked often about taxes and spending cuts, discussing the tools available to the...

US, Global Markets: What's Next?

The Huffington Post | Posted 03.28.2008 | Business


Think Progress: White House Defends Bailout Of Wall Street Instead Of Main Street During today's news briefing, reporters questioned White House Pres...

What Bear Stearns' Meltdown Means To You

ABC News | ALICE GOMSTYN | Posted 03.28.2008 | Business


Think the Bear Stearns meltdown isn't affecting you? You might want to check your investments before you answer. Large mutual funds commonly found in...

Bear Sterns Is Worth Less Than Your Sister's White-Trash Husband

236.com | 23/6: News You Can Misuse | Posted 03.28.2008 | Home


JP Morgan Chase & Co has agreed to buy Bear Stearns (BSC) for the bargain price of two dollars per share. Just last April, BSC shares were selling at ...

Paulson Defends U.S. Rescue Of Bear Stearns

Reuters | Posted 03.28.2008 | Business


U.S. Treasury Secretary Henry Paulson on Monday defended government moves to rescue Bear Stearns Cos Inc (BSC.N) from bankruptcy, saying it was import...

Investors Fear Financial Crisis Will Keep Spreading

NY Times | LANDON THOMAS Jr. | Posted 03.28.2008 | Business


The cash squeeze that brought Bear Stearns to its knees is fanning fears that other investment banks might be vulnerable to the crisis of confidence g...

Senator Reid Slams Bush's Handling Of The Economy

New York Times | STEVEN LEE MYERS | Posted 03.28.2008 | Politics


As President Bush welcomed the Federal Reserve's sweeping intervention in the financial markets, his administration faced accusations Monday that it s...

Class Action Lawsuit Filed Against Bear Stearns

Posted 03.28.2008 | Business


Breaking news on MSNBC moments ago. Shareholders have filed a class action lawsuit against Bear Stearns....

Obama, Clinton Cite Economic Distress

AP | TOM RAUM | Posted 03.28.2008 | Politics


WASHINGTON — Democratic congressional leaders urged President Bush on Monday to do more to address the housing woes at the root of the spreading...

Angry Bear Stearns Investors Eye Legal Claims

Reuters | Martha Graybow | Posted 03.28.2008 | Business


Angry Bear Stearns Co Inc shareholders have wasted no time in calling their lawyers to pursue potential legal recourse over the company's $2-a-share f...

Stocks Widely Mixed on Bear Stearns News

AP | MADLEN READ | Posted 03.28.2008 | Business


NEW YORK — Wall Street ended a temperamental session widely mixed Monday after investors grappled with JPMorgan Chase & Co.'s government-backed ...

Bear Stearns Stockholders Socked

Mortgage News Daily | Posted 03.28.2008 | Business


The news wasn't surprising but the price tag was a real stunner. On Sunday J.P. Morgan chase agreed to pay $2 per share to acquire failing Wall Stree...

Is Lehman Next?

CNN/Money | Colin Barr | Posted 03.28.2008 | Business


Lehman Brothers (LEH) may be in for a long day. Shares of the brokerage firm slid 15% in early trading after the firm said it's got enough cash to kee...

Billionaire Lewis Loses $1.16B On Bear Stakes

Bloomberg | Katherine Burton and Sree Vidya Bhaktavatsalam | Posted 03.28.2008 | Business


Joseph Lewis, the billionaire investor who bought 9.4 percent of Bear Stearns Cos. last year, lost $1.16 billion on his stake after JPMorgan Chase & C...

Global, US Market Updates

Huffington Post | Posted 03.28.2008 | Business


UPDATED 7:20pm EST: New York Times: Dow Ends Flat After Day Of Gyrations A day that loomed darkly on Wall Street ended with only a modest decline i...

Brokerage Stocks May Drop 50 Percent, Says Oppenheimer Analyst

Times | Catherine Boyle | Posted 03.28.2008 | Business


Meredith Whitney, the Wall Street analyst who received death threats after writing a negative report about Citigroup, has predicted that financial sto...

BEAR STEARNS FORCED TO SELL FOR $2 PER SHARE

Huffington Post | Posted 03.28.2008 | Business


UPDATED 3/17 AT 8am The AP Reports that global markets are tumbling today on the news that Bear Stearns is being bailed out by JP Morgan Chase: Glo...

JPMorgan Buys Ailing Bear Stearns At Bargain Basement Price

New York Times | ANDREW ROSS SORKIN and LANDON THOMAS Jr. | Posted 03.28.2008 | Business


Bear Stearns, facing collapse because of the mortgage crisis, agreed Sunday evening to be bought by JPMorgan Chase for a bargain-basement price of les...

US Economy Beset By Problems

Posted 03.28.2008 | Business


From the fallout over the subprime disaster to the credit crisis to rising gas prices to unease on Wall Street, the US economy looks increasingly shak...

Stocks Retreat on Credit Fears

AP | TIM PARADIS | Posted 03.28.2008 | Business


NEW YORK — Wall Street plunged anew Friday after a near meltdown at Bear Stearns Cos. handed investors the unwelcome confirmation that the credi...

Live-Blogging the Bear Stearns Conference Call

Wall Street Journal | David Gaffen | Posted 03.28.2008 | Business


Executives at Bear Stearns are addressing the news of the firm's need for capital, provided by the Federal Reserve through J.P. Morgan Chase. Shares h...

Fed and Rival Bail Out Bear Stearns

AP | STEPHEN BERNARD and JOE BEL BRUNO | Posted 03.28.2008 | Business


NEW YORK — On the verge of a collapse that could have shaken the very foundations of the U.S. financial system, investment bank Bear Stearns Cos...

Fed Takes Rare Path to Aid Bear Stearns

AP | MARTIN CRUTSINGER | Posted 03.28.2008 | Business


WASHINGTON — The Federal Reserve invoked a rarely used Depression-era procedure Friday to bolster troubled Bear Stearns Cos. and said it will pr...

Fed and Rival Bail Out Bear Stearns

AP | STEPHEN BERNARD and JOE BEL BRUNO | Posted 03.28.2008 | Business


NEW YORK — On the verge of a collapse that could have shaken the very foundations of the U.S. financial system, investment bank Bear Stearns Cos...