Bear Stearns Rescue Defended
Federal Reserve Chairman Ben Bernanke and the Bush administration on Thursday defended the decision to rescue Bear Stearns amid questions by lawmakers about why the government was helping Wall Street... 03 Apr 2008
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Bernanke's Remarks on Bear Stearns
Federal Reserve Chairman Ben Bernanke's prepared remarks Thursday to the Senate Banking Committee:
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Chairman Dodd, Senator Shelby, and other members of the Committee, I appreciate this opportun... 03 Apr 2008
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Bernanke Defends Bear Stearns Rescue
The Federal Reserve moved to assist a Wall Street investment bank on the brink of bankruptcy to prevent a failure that could have dealt serious consequences to the U.S. economy, Federal Reserve Chair... 03 Apr 2008
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US Officials Defend Bear Stearns Actions
The unprecedented actions to prevent the collapse of Bear Stearns were taken to preserve the viability of the U.S. financial system and do not represent any kind of federal bailout, Federal Reserve C... 03 Apr 2008
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Fed Chief Says Bear Rescue Averted Chaos Federal Reserve Chief Ben Bernanke said that failure to loan up to $30 billion in funds to Bear Stearns would have led to its bankruptcy and a chaotic chain of events which would have "severely" shaken confidence in financial markets. 02 Apr 2008
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US Fed Chief: 'Recession is Possible' Federal Reserve Chairman Ben Bernanke said on Tuesday that the economy could possibly slip into recession later this year but would quickly rebound in the second half of the year. 02 Apr 2008
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Bernanke: Bear Stearns Wasn't a Bailout
The Federal Reserve's unprecedented actions to prevent the collapse of Bear Stearns were taken to preserve the "integrity and viability of the American financial system" and did not represent any ki... 02 Apr 2008
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Boxer: Explanation Needed on Polar Bears
The chair of the Senate Environment Committee Wednesday slammed Interior Secretary Dirk Kempthorne for failing to appear before her panel to explain why the Bush administration has delayed a decision... 02 Apr 2008
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Bear Stearns Director's Firm Sells Stake
A partnership run by a director of financial services company Bear Stearns Cos. sold 125,000 shares of common stock, according to a Securities and Exchange Commission filing Tuesday.
In a Form 4 fil... 02 Apr 2008
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Fed Clears Way for Bear Stearns Deal
The Federal Reserve on Tuesday cleared the way for JP Morgan Chase & Co. to acquire Bear Stearns' bank holdings.
The approval allows JP Morgan to acquire Bear Stearns Bank & Trust in Princeton, N.J... 01 Apr 2008