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Bear Sterns Companies Inc. was one of the "Big Five" investment banks / brokerages on Wall Street. It leveraged itself 40 to 1 (ie borrowed $40 for every $1 of its own) to play the derivatives market, and got caught in the financial collapse of 2008. Rather than allow Bear Sterns to declare bankruptcy (and possibly drag the rest of the country into depression), then-Treasury Secretary Henry Paulson arranged a shotgun wedding with JPMorgan Chase. Chase paid $250 million for Bear, its vault full of toxic paper, $30 billion in Federal loan guarantees, and first place in line for TARP boodle the next spring.
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Is stern an adjective?
Stern can be an adjective. Stern serves as an adjective in the following sentence. Mark gave Jake a stern gaze. Stern is also a noun. It is a part of a boat.
What nicknames does Marinka Stern go by?
Marinka Stern goes by Marinka Stern.
What is at the rear of ship?
The stern.
What is the birth name of Bert Stern?
Bert Stern's birth name is Bertram Stern.
Who is howard l stern?
Howard Stern
When did Stern's end?
Stern's ended in 2001.
When was Stern's created?
Stern's was created in 1867.
What is opposite of the stern on a sailing ship?
The opposite of stern is bow. The stern is in the aft, the bow fore.
What is the birth name of Abby Stern?
Abby Stern's birth name is Abigail Ashley Stern.
What is the birth name of Cori Stern?
Cori Stern's birth name is Cori Shepherd Stern.
What is the birth name of Jenna Stern?
Jenna Stern's birth name is Jenna Louise Stern.
What is the birth name of Leonard Stern?
Leonard Stern's birth name is Leonard Bernard Stern.
