Expanding the Federal Safety Net: The Bear Stearns Bailout and Other Actions of the Federal Reserve in Support of U.S. Financial Markets
64 Pages Posted: 23 Jul 2010 Last revised: 23 Aug 2010
Date Written: May 2008
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.
Keywords: Bear Stearns, J.P. Morgan, Federal Reserve, section 13(3), federal safety net, Federal Reserve Act, liquidity facility
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