Should the Fed Intervene to Rescue the Markets?

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With the venerable investment bank Bear Stearns plunging toward bankruptcy over the weekend, the Federal Reserve took unprecedented emergency action to guarantee its enormous trading obligations as JP Morgan Chase agreed to buy the firm for a mere $2 a share. Jared Bernstein is senior economist at the Economic Policy Institute in Washington, DC. Tom Donlan is editorial page editor at Barron's.

Credits

Guests:
Jared Bernstein - Center on Budget and Policy Priorities - @econjared, Tom Donlan - Barron's - @barronsonline

Host:
Lawrence O'Donnell

Producers:
Christian Bordal, Katie Cooper, Sonya Geis