The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Mike Johnston	3/17/2008 5:59:35 PM
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Jim Rogers Says Fed Support of Bear Stearns `Outrageous': Video March 17 (Bloomberg) -- Jim Rogers, chairman of Rogers Holdings, talks about U.S. Federal Reserve action to calm financial markets, JPMorgan Chase & Co.'s agreement to buy Bear Stearns Cos. for $240 million, and his investment strategy. In its first weekend emergency action in almost three decades, the Fed lowered the so-called discount rate by a quarter of a percentage point to 3.25 percent and said it will provide up to $30 billion to JPMorgan to help it buy Bear Stearns. Rogers speaks with Bloomberg's Rishaad Salamat from Singapore. (Source: Bloomberg) bloomberg.com

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