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

Abstract

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

Suggested Citation

Fein, Melanie L., Expanding the Federal Safety Net: The Bear Stearns Bailout and Other Actions of the Federal Reserve in Support of U.S. Financial Markets (May 2008). Available at SSRN: https://ssrn.com/abstract=1647098 or http://dx.doi.org/10.2139/ssrn.1647098

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