This week, Bear Stearns, Wall Street's 5th largest investment bank, is shown to be in big financial trouble because of the credit crunch caused by troubled high-risk mortgages. So Uncle Sam, thru the Federal Reserve Bank of New York is offering government backed loans to help get them through their problems. To read more, go to: http://blogs.usatoday.com/ondeadline/2008/03/stocks-lose-big.html
No comments:
Post a Comment