JP Morgan Chase to Buy Bear Stearns

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JP Morgan Chase has agreed to buy rival Bear Stearns, a move that contributed to the Fed announcing a cut in the emergency lending rate to financial institutions. The ongoing crisis sent Asian markets tumbling. (March 17)

Category: News
Uploaded: March 17th, 2008 @ 7:43 am
Author: AssociatedPress

Length: 01:19
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Views: 3,223

Tags: bear chase credit-crisis fed jp morgan stearns

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