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Bernanke Defends Bear Stearns Rescue

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Federal Reserve Chairman Ben Bernanke told Congress Thursday the Fed expects to recover most, if not all, the $29 billion worth of loans it made to keep struggling Bear Stearns Cos. from collapse.(April 3)

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: AssociatedPress

Length: 01:58
Rating: 5.00
Views: 1176

Tags: bear  bear_stearns  bernanke  congress  defends  rescue  stearns  

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ProprietorOfSelf (November 30, 1999 at 12:00 am)
haha. tommy nailed it. expropriate the costs of failures onto the public, and keep the profits. is there anything corporations love more than a liberal demanding regulation? i don't see how there possibly could be.
Alexluvs954 (November 30, 1999 at 12:00 am)
Haha... Good shot.
tommylodz2004 (November 30, 1999 at 12:00 am)
the best rule in the world - make profit private, make losses public. who wouldn't be this private guy:)
prescottbill (November 30, 1999 at 12:00 am)
The banks are broke, the government is broke, most Americans are broke what do expect?? The dollar is at new all time lows against the Euro. Your house lost 10% last year and will lose 10% or more this year. The debt party is over, now we get the hangover. Deflation or Inflation neither one is fun. FED notes are not even IOUs, they are worthless pieces of paper. Not soft enough to wipe your a%% with. It's the end of the world as we know it, and I feel fine!
axetouch112233 (November 30, 1999 at 12:00 am)
i hope more goes on just like this, i am waiting for the real downfall of America, and a complete stock market shutdonwn and total losses in all stock market investments. goodbye 401k, mutual funds ira,s and so on.
SECONDSHIFTLIVE (November 30, 1999 at 12:00 am)
PLEASE WATCH MY ACOUSTIC VIDEO
jcng5 (November 30, 1999 at 12:00 am)
whenever the Fed bail out a bank, they are debasing the American currency and increasing inflation as more money are now chasing the same amount of goods and services. And , the group of people that have to pay the most is the poor
TECHKLEC (November 30, 1999 at 12:00 am)
(I think) that's crazy after considering the Bear Stearns executive payroll. This almost sounds like another Enron.

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