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Old 03-28-2008, 06:19 PM
 
488 posts, read 567,671 times
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Was the Fed justified in backing Jamie Diamon with $29B to take over Bears bad paper?
I'm interested in hearing peoples views
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Old 03-28-2008, 06:56 PM
 
Location: WA
5,562 posts, read 23,119,797 times
Reputation: 6364
The failure of BSC would have caused a panic that may have brought major damage to the credit markets and banking system. Facilitating the buyout was is the best interest of the country, both Main St and Wall St. This is what the FED is chartered to do, insure stable financial markets and control inflation.
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Old 03-28-2008, 07:37 PM
 
5,596 posts, read 10,596,579 times
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i.e., Maintain The Status Quo.
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Old 03-28-2008, 11:01 PM
 
Location: Great State of Texas
86,067 posts, read 78,601,825 times
Reputation: 27667
I just don't see how they could NOT bail them out. I, for one, do not want to witness the Great Depression II
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