Dr. Jeff Kassel on The Fed’s Bailout of Bear Steans (video)

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Dr. Jeff Kassel has the inside scoop with Joe Briggs of PolicyWatch.

One thought on “Dr. Jeff Kassel on The Fed’s Bailout of Bear Steans (video)

  1. I really see this more as a subsidy of JP Morgan Chase than a bailout of Bear Stearns. Bear Stearns no longer exists, and their shareholders have lost the vast majority of their investments.

    JP Morgan Chase got a fire sale deal on a company whose headquarters building is worth more alone than the entire offer for buying the company. Even worse, the taxpayers are guaranteeing the old Bear Stearns debt.

    Sometimes, things are worse than they seem, even when they are bad.

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