Ten Years After the Bear Stearns Bailout, Nobody Thinks It Would Happen Again
Wall Street Journal, Mar. 13, 2018–Justin Baer, Ryan Tracy (subscription)
Ten years ago Wednesday, that was Bear Stearns Cos., a once-storied firm whose excessive leverage had helped put it on the brink. The Federal Reserve tried to limit the damage with extraordinary actions, first extending the firm credit before forcing it into a hasty weekend shotgun marriage to JPMorgan.
