mortgage-debt
Fed Saves Bear
The Federal Reserve broke new ground when it facilitated the purchase of Bear Stearns by JPMorgan Chase. Although Bear is ranked fifth out of the top five US investment banks, it was still counterparty to over $10 trillion in derivatives contracts and swaps. Therefore, the Fed decided it was necessary to accept Bear’s $30 billion [...]
The Dow Rocket- by Greg Strid
How about that stock market? In two days the Dow
Jones Industrial Average rocketed higher by over 500
points. On Wednesday alone it added 330 points, or 2.55
percent. That same wonderful day, the tech-heavy
Nasdaq rose by 3.18 percent, and the broader Standard
and Poor’s 500 index increased by 2.86 percent.
The catalyst for this explosive rise in prices [...]
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