JPMorgan, Bear Stearns: More Smoke from Wall Street [View article]
The reason that Bear Stearns didn't get rescued through an open credit window is because it was too far gone at that point and arranging a shotgun wedding with JPMorgan - Chase was the least expensive, most efficient, quick and sure way to return confidence and prevent a disaster. The Fed really impressed me with this one.
JPMorgan, Bear Stearns: More Smoke from Wall Street [View article]