altyfc
Joined: 29 Dec 2004
Posts: 1232
Location: Aardvarkland
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 Posted: Sat Mar 15, 2008 8:36 pm Post subject: Bear Stearns |
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An event last night in the United States is shivering the timbers of a number of financial institutions around the world. One of the iconic banks of America is having to be rescued by the Fed: Bear Stearns, the very bank that posted the first losses in the subprime mortgage disaster. How far do you think the consequences will extend?
Aaron
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