Wall Street or Homeowners: Guess Who’s Getting a Bailout?
On March 19, JPMorgan Chase CEO Jamie Dimon joined Bear Stearns CEO Alan Schwartz to face a group of 400 stunned Bear executives. Five days earlier, Bear Stearns, one of Wall Street’s five largest investment banks, had lost $17 billion of wealth, triggering the biggest financial panic since the Great Depression. Bear approached complete collapse … Continue reading Wall Street or Homeowners: Guess Who’s Getting a Bailout?
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