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Minutes reveal Fed decisions at time of Bear Stearns crisis
The Federal Reserve has lifted the veil on the emergency meetings and extraordinary decisions that surrounded the collapse of Bear Stearns in March, when bankers feared its bankruptcy would spread like a contagion through the financial system.
The Independent  –  Jun 28, 2008 01:20 AM [GMT]  ¦  comment?
found in Business
Fed Releases Bear Minutes
The Fed believed it had no choice but to help facilitate the rescue of Bear Stearns to protect financial markets, minutes of March meetings show. (Minutes)
Wall Street Journal  –  Jun 27, 2008 11:23 PM [GMT]  ¦  comment?
found in Business: Markets
Fed aided Wall Street to avert "contagion"
WASHINGTON (AP) -- The Federal Reserve was scrambling to prevent a "contagion" from infecting the nation's financial system when it took unprecedented actions to back a Bear Stearns rescue package and provide emergency loans to big Wall Street firms....
AP  –  Jun 27, 2008 6:02 PM [GMT]  ¦  comment?
found in Business
Fed Releases Minutes from Bear Stearns Meetings
The notes from two key meetings that led to the Bear Stearn bailout are made public.
CFO.com  –  Jun 27, 2008 5:20 PM [GMT]  ¦  comment?
found in Business
The Fed: Fed believed Bear Stearns was too interconnected to fail
Bear Stearns, in the view of the Federal Reserve, simply was too interconnected to allow the investment house to fail, according to the minutes of two emergency meetings that Fed officials held last March.
MarketWatch.com  –  Jun 27, 2008 4:49 PM [GMT]  ¦  comment?
found in Business
Fed aided Wall Street to avert ‘contagion’
The Federal Reserve was scrambling to prevent a “contagion” from infecting the nation’s financial system when it took unprecedented actions to back a Bear Stearns rescue package.
MSNBC.com  –  Jun 27, 2008 4:30 PM [GMT]  ¦  comment?
found in Business
In Bear Bailout, Fed Tried to Avoid a ‘Contagion’
Given the fragile conditions of the markets at that time, the Fed said in documents released Friday that it felt compelled to intervene in the Bear Stearns rescue to avert an “expected contagion.”
New York Times  –  Jun 27, 2008 4:17 PM [GMT]  ¦  comment?
found in Business
Ex-Bear Stearns Fund Managers Face More Charges
A week after two hedge fund managers were arrested in connection with the subprime mortgage meltdown, federal prosecutors may add to the indictments against the former Bear Stearns financiers. Investigators are trying to determine whether the men misled banks including Merrill Lynch, Barclays and Bank of America.
NPR.org  –  Jun 27, 2008 3:16 PM [GMT]  ¦  comment?
found in Business
Fed says it worked to avoid "contagion"
Associated Press - June 27, 2008 11:13 AM ET WASHINGTON (AP) - The Federal Reserve says it was trying to avoid a financial "contagion" when it took unprecedented actions to back a Bear Stearns...
KTUU.com  –  Jun 27, 2008 3:13 PM [GMT]  ¦  comment?
found in Local: Alaska: Anchorage
Bear Stearns was helped to avert 'contagion,' Fed says
The Federal Reserve was scrambling to prevent a "contagion" from infecting the nation's financial system when it took unprecedented actions to provide financial backing to a Bear Stearns rescue package and provide emergency loans to big Wall Street firms.
International Herald Tribune  –  Jun 27, 2008 3:07 PM [GMT]  ¦  comment?
found in Business