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Reply #9: This is unprecedented. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

cliss

(1000+ posts) Send PM | Profile | Ignore

Sat Mar-15-08 06:04 PM
Response to Original message

9. This is unprecedented.

The Fed just bailed out an INVESTMENT Bank. As opposed to a Commercial Bank.
Bear Stearns does not handle commercial accounts, and yet they got a bail out worth.....how much?
How many billions?

I think this is the first time the Fed has done this.
There was an investment bank back in the 90's which was in trouble. They allowed it to fail.
And yet not now.

Just goes to show ya...the Dominoes are swaying.

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