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Bailouts Revisited


Bailouts Revisited

Earlier this year, with Bear Stearns teetering on the verge of collapse, Uncle Sam stepped in. The New York Federal Reserve provided the investment bank an emergency loan, saying the money would prevent an all-out collapse—and whatever market turmoil might follow. It wasn't an investment so much as an insurance policy, and global markets generally reacted positively to the cautious approach.


Governance Policy Resource.