Central Bank Backs Sale of Bear Stearns, Cuts Key Interest Rate, Extends New Credit
By Neil Irwin and David Cho
Washington Post Staff Writers
Monday, March 17, 2008; Page A01
The Federal Reserve took dramatic action on multiple fronts last night to avert a crisis of the global financial system, backing the acquisition of wounded investment firm Bear Stearns and increasing the flow of money to other banks squeezed for credit ... Read the Entire Article
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