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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (374067)	3/14/2008 9:45:21 AM
From: Road Walker	Read Replies (1) \| Respond to of 1576053

This stuff is just remarkable. Hard to believe a US powerhouse like Bear Stearns is at risk of going belly up.... JPMorgan Chase funding Bear Stearns JPMorgan Chase says that in conjunction with the Federal Reserve Bank of New York it will provide temporary funding for Bear Stearns. The funding will be provided as necessary for up to 28 days. During that time, JPMorgan Chase will also help Bear Stearns find permanent financing. Bear Stearns says its liquidity significantly deteriorated over the past day and the temporary funding will help it continue operating normally. The investment bank added there is no guarantee any permanent strategic alternatives will be successful. There has been speculation this week that Bear Stearns was struggling with liquidity problems. Bear Stearns shares spiked in premarket trading but then fell back on the news.