27
Mar
The Telegraph has a great article the other day about the Bear Stearns bailout.
“If the Fed had not stepped in, we would have had pandemonium,” said James Melcher, president of the New York hedge fund Balestra Capital. There was the risk of a total meltdown at the beginning of last week. I don’t think most people [...]
read full story of "Fed’s rescue of Bear halted derivatives of Chernobyl"
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