Expanding the Federal Safety Net: The Bear Stearns Bailout and Other Actions of the Federal Reserve in Support of U.S. Financial Markets
Melanie L. Fein
Fein Law Offices
This paper examines the legal basis for the Federal Reserve Board's actions relating to the acquisition of Bear Stearns by J.P. Morgan in March of 2008 and other measures taken by the Board to support the U.S. financial system at that time.
Number of Pages in PDF File: 64
Keywords: Bear Stearns, J.P. Morgan, Federal Reserve, section 13(3), federal safety net, Federal Reserve Act, liquidity facilityworking papers series
Date posted: July 23, 2010 ; Last revised: August 23, 2010
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