The Pros and Cons of the Fed's Action Last Week

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• March 22, 2008
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  The Pros and Cons of the Fed's Action Last Week

  Posted: March 22nd, 2008, 10:56pm

  Last week has a historic week for the Federal Reserve. Going back to the end of the previous week we learned that one of Wall Street's oldest and most venerable investment banks was basically bankrupt. Over the weekend we learned that JP Morgan was working to buy Bear. And then we learned that JP Morgan purchased Bear for $2/share with a