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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (8458)	3/17/2008 12:57:05 AM
From: Fiscally Conservative	Read Replies (2) \| Respond to of 50713

Jim "The Fed also approved the financing arrangement announced Sunday in which JPMorgan Chase & Co. will acquire rival Bear Stearns Cos. The deal valued at $236.2 million, a stunning collapse for one of the world's largest and most venerable investment banks. The Fed will provide special financing to JPMorgan Chase for the deal, JPMorgan Chase said. The central bank has agreed to fund up to $30 billion of Bear Stearns' less liquid assets." Curious,do you think the Fed will bail me out.should I need it, of my over-leveraged financings? I can assure you they are all morgaged backed equity derivative financings. Whats good for the goose is good for the gander?