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A 29-billion-dollar non-recourse loan was made to J.P. Morgan back with MBS. See Wikipedia "Bear Sterns" for details.
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∙ 15y ago
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How much bailout money did citi corp receive?
The Citi group bailout was agreed for $45Billion same as the Bank of America bailout. The numbers about who got what and how they are spending it are pretty much a secret.
Why did Bear Stearns fail?
Bear Stearns' leverage (the money it borrowed) was so high (30x plus) that a "crisis of confidence" developed. Investors began withdrawing money from Bear and counter parties (their customers) stopped doing business with them - effectively their liquidity dried up. It was a classic Run on the Bank. Financial institutions foundations are based upon confidence and trust, so a healthy institution can become insolvent almost overnight. Due to the "run", Bear Stearns was forced to sell to JP Morgan at a fire sale price.
Define the 700 billion US bailout plan?
Much of it is still evolving. Suggest you review wikipedia under bailout plan.
How much did JP Morgan Chase receive in bailout money?
25 Billion
What is the financial bailout package crisis?
There is no such crisis as the financial bailout package crisis. the bailout was created to overcome the financial crisis.
When was Bear Stearns created?
Bear Stearns was created in 1923.
What is the S in T.S. Eliot?
The 'S' stands for Stearns but there is no evidence of a connexion with the financial firm Bear Stearns - or is there??
Why did Bear Stearns shares fall so sharply in one year?
Bear Stearns was deeply affected by the subprime mortgage crisis. The subprime mortgage crisis is a result of the sharp rise in mortgage delinquencies and foreclosures.
How much bailout money did FORD receive?
Ford did not receive any bailout money.
How much bailout money did citi corp receive?
The Citi group bailout was agreed for $45Billion same as the Bank of America bailout. The numbers about who got what and how they are spending it are pretty much a secret.
Why did Bear Stearns fail?
Bear Stearns' leverage (the money it borrowed) was so high (30x plus) that a "crisis of confidence" developed. Investors began withdrawing money from Bear and counter parties (their customers) stopped doing business with them - effectively their liquidity dried up. It was a classic Run on the Bank. Financial institutions foundations are based upon confidence and trust, so a healthy institution can become insolvent almost overnight. Due to the "run", Bear Stearns was forced to sell to JP Morgan at a fire sale price.
What is the ticker symbol for Bear Stearns?
The ticker symbol for the Bear Stearns is BSC and it is traded on the New York Stock Exchange.
How much money was the economic bailout?
About 4 billion
What is the ticker symbol for the Bear Stearns Companies?
It used to be BSE, but they were bought out by JPMorgan Chase in 2008 and thier symbol is JPM.
How did the failure of Bear Stearns affect stock prices?
In a simple sense, the failure of Bear Stearns had a negative effect on stock prices. When a major bank such as Bear Stearns (which had been in business since the great depression) fails, consumer confidence is lowered significantly. Investors lose confidence in the stock market as well. As they lose confidence, it is common to sell assets. As assets are sold, the entire market is flooded with supply. When the supply is very high and the demand is very low, stock prices are forced down.
Define the 700 billion US bailout plan?
Much of it is still evolving. Suggest you review wikipedia under bailout plan.
Did the FBI conclude its investigation of Lehman Brothers Fannie Mae Freddie Mac and insurer AIG before the US government went ahead with the 700 billion dollar bailout?
The FBI has just started an investigation into the collapse of Bear Stearns, Fannie, Freddie, Lehman and AIG. This investigation will likely takes months if not years and will not affect the federal bailout. The investigations were really about the balance sheets of all the names above to find out how much they really needed and most of the people who looked into the balance sheet were Goldman and other wall street firm bankers. Without These bankers who looked at the balance sheets they wouldn't have known how much the economy needed. So although the FBI started an investigation the people who really did it were the bankers
