Markets Reporter, Wall Street Journal
Markets reporter for the Wall Street Journal
PROFILE
Peter McKay
Guest
FROM Peter McKay
To the Point
Markets Slide as Wall Street Staggers The brokerage firm Bear Stearns got a bailout earlier this year. The federal government also agreed to prop up Fannie Mae and Freddie Mack . But over the weekend, Treasury Secretary Paulson drew the line when it came to Lehman Brothers, which has now declared bankruptcy . Merrill Lynch has sold itself off.
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