Credit Crisis Curse

- WatersTechnology Staff
- 01 Apr 2008

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Certainly, our March surprise came a day after the ides when the US Federal Reserve announced it had engineered a rescue of Bear Stearns by backing a loan of up to $30 billion to cover possible losses to JPMorgan, which agreed to buy Bear for $2 a share. That has since been raised to about $10 a share and could still change, according to reports. On the same day, the Fed raised its restriction on lending directly to investment banks from its discount window, previously aimed at preventing a run

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