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1. archive.nytimes.com › dealbook › 2008What Really Killed Bear Stearns? - The New York Times

   archive.nytimes.com › dealbook › 2008

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   Jun 30, 2008 · What really brought down Bear Stearns was a dysfunctional bankruptcy system. As trustees, receivers, etc. have become more aggressive about pursuing fraudulent-conveyance claims, financial entities have become increasingly nervous about the possibility of ending up as the defendant in such an action.

2. www.seattletimes.com › business › qa-bear-stearnsQ&A | Bear Stearns bailout: What, or who, is next? | The ...

   www.seattletimes.com › business › qa-bear-stearns

   Mar 15, 2008 · A: Few industry experts believe the 28-day loan will be enough for Bear to become liquid on its own again — most are viewing it as delaying tactic as Bear and the Fed figure out how to proceed ...

3. www.federalreservehistory.org › essays › support-forSupport for Specific Institutions | Federal Reserve History

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   On Friday, March 14, 2008, the Board of Governors of the Federal Reserve System authorized the FRBNY to extend credit to Bear Stearns through JPMC. The loan from the FRBNY was for $12.9 billion and was secured by assets valued at $13.8 billion; it was extended under the authority of Sections 10B and 13(3) of the Federal Reserve Act. 1

4. www.federalreserve.gov › reform_bearstearnsBear Stearns, JPMorgan Chase, and Maiden Lane LLC

   www.federalreserve.gov › reform_bearstearns

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   Maiden Lane LLC purchased approximately $30 billion in assets from Bear Stearns with a loan of approximately $29 billion from the FRBNY. Under the terms of the agreement, JPMC also lent roughly $1 billion to Maiden Lane in a loan that is subordinated to the loan from the FRBNY for repayment purposes. The interest rate on the loan extended by ...

5. apnews.com › article › c221a83586b64e73beacfd8dc96b1f9aNY Fed says AIG, Bear Stearns bailout funds repaid | AP News

   apnews.com › article › c221a83586b64e73beacfd8dc96b1f9a

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   Jun 14, 2012 · NEW YORK (AP) — The Federal Reserve Bank of New York says that loans it set up to help facilitate the bailouts of American International Group and now defunct investment bank Bear Stearns, during the financial crisis have been fully repaid with interest. In total, $53.12 billion in loans were repaid.

6. www.investopedia.com › terms › bBear Stearns: Its Collapse, Bailout, Winners & Losers

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   Apr 30, 2023 · Bear Stearns was an investment bank located in New York City that collapsed during the subprime crisis in 2008. The company was founded in 1923 and survived the Crash of 1929, becoming a global ...

7. People also ask

   Did the FRBNY extend credit to Bear Stearns through JPMC?

   • On Friday, March 14, 2008, the Board of Governors of the Federal Reserve System authorized the FRBNY to extend credit to Bear Stearns through JPMC. The loan from the FRBNY was for $12.9 billion and was secured by assets valued at $13.8 billion; it was extended under the authority of Sections 10B and 13 (3) of the Federal Reserve Act. 1

   Support for Specific Institutions | Federal Reserve History

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   How did FRBNY acquire Bear Stearns?

   • To facilitate a prompt acquisition of Bear Stearns by JPMC, the FRBNY created a limited liability company, Maiden Lane LLC, to acquire that set of assets of Bear Stearns.

   Bear Stearns, JPMorgan Chase, and Maiden Lane LLC

   www.federalreserve.gov/newsevents/reform_bearstearns.htm

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   What happened to Bear Stearns?

   • Bear Stearns was one of the largest securities firms in the country, with assets of approximately $400 billion in March 2008. The financial condition of the firm deteriorated markedly between mid-January and mid-March 2008.

   Support for Specific Institutions | Federal Reserve History

   www.federalreservehistory.org/essays/support-for-specific-institutions

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   What would happen if Bear Stearns went bankrupt?

   • While there are no clear winners from the Bear Stearns collapse, stockholders would have suffered arguably greater losses had the bank gone bankrupt. JPMorgan Chase, which acquired Bear Stearns at fire-sale prices, would also benefit, although it would be some time before JPMorgan would break even. Who Went to Jail for the 2008 Financial Crisis?

   Bear Stearns: Its Collapse, Bailout, Winners & Losers - Investopedia

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8. www.nytimes.com › 2008/03/16 › businessMoral hazard tossed out as Fed saves Bear Stearns - The New ...

   www.nytimes.com › 2008/03/16 › business

   Mar 16, 2008 · Jimmy Cayne, then chief executive at the firm, told the Fed to take a hike. And so, Bear Stearns, a firm that some say is this decade's version of Drexel Burnham Lambert, the anything-goes, 1980s ...