To the Point
Should the Fed Intervene to Rescue the Markets?
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.
By Lawrence O'Donnell • • 1 min readWith 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.
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The full episode
3 of 3After Five Years in, Where Do We Stand in Iraq?- 1:34Markets Volatile after Fed Moves
- 7:48At Five Years in, Where Do We Stand in Iraq?
- 43:55Should the Fed Intervene to Rescue the Markets?You’re reading this