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Member Since: 2/2007Last Seen: 11/27/2009

Fed comes to Bear Stearns' rescue

Read ArticleArticle Source: Reuters
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NEW YORK (Reuters) - Bear Stearns, slammed by a sudden cash crunch, hammered out an emergency funding deal with the Federal Reserve and JPMorgan Chase, intensifying fears the global credit crisis will claim more victims and driving Bear's shares down by as much as half.

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