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JP Morgan Chase Props Up Ailing Bear Stearns

NEW YORK - MARCH 17: People stand outside the offices of global investment bank, securities trading and brokerage firm Bear, Stearns & Co. on Madison Ave on March 17, 2008 in New York City. JP Morgan Chase bought Bear, Stearns & Co, for $2 a share, with help of $30 billion in financing of Bear, Stearns assets from the U.S. Federal Reserve. (Photo by Michael Nagle/Getty Images)
NEW YORK - MARCH 17: People stand outside the offices of global investment bank, securities trading and brokerage firm Bear, Stearns & Co. on Madison Ave on March 17, 2008 in New York City. JP Morgan Chase bought Bear, Stearns & Co, for $2 a share, with help of $30 billion in financing of Bear, Stearns assets from the U.S. Federal Reserve. (Photo by Michael Nagle/Getty Images)
JP Morgan Chase Props Up Ailing Bear Stearns
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Credit:
Michael Nagle / Stringer
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80276450
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Getty Images News
Date created:
March 17, 2008
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51607318