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 • May 12, 2014 • 1 min read

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.

Lawrence O'Donnell
MSNBC
Christian Bordal
Managing Producer, Greater LA
Katie Cooper
Producer, 'One year Later'
Sonya Geis
Senior Managing Editor
Jared Bernstein
Center on Budget and Policy Priorities
Tom Donlan
Barron's

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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.

Share

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.

Share