JP Morgan Chase Props Up Ailing Bear Stearns

The offices of JP Morgan Chase on March 17, 2008 in New York City. JP Morgan Chase bought Bear, Stearns & Co, for $2 a share, with help of $30,000 billion in financing of Bear, Stearns assets from the U.S. Federal Reserve.
The offices of JP Morgan Chase on March 17, 2008 in New York City. JP Morgan Chase bought Bear, Stearns & Co, for $2 a share, with help of $30,000 billion in financing of Bear, Stearns assets from the U.S. Federal Reserve.
( - Photo by Michael Nagle/Getty Images North America)
People stand outside the offices of global investment bank, securities trading and brokerage firm Bear, Stearns & Co. on Madison Ave on March 17, 2008 in New York City. JP Morgan Chase bought Bear, Stearns & Co, for $2 a share, with help of $30,000 billion in financing of Bear, Stearns assets from the U.S. Federal Reserve. People stand inside the offices of JP Morgan Chase on March 17, 2008 in New York City. JP Morgan Chase bought Bear, Stearns & Co, for $2 a share, with help of $30,000 billion in financing of Bear, Stearns assets from the U.S. Federal Reserve. A man walks past the offices of JP Morgan Chase on March 17, 2008 in New York City. JP Morgan Chase bought Bear, Stearns & Co, for $2 a share, with help of $30,000 billion in financing of Bear, Stearns assets from the U.S. Federal Reserve. Traders work the floor of the New York Stock Exchange on March 17, 2008 in New York City. Stocks have been volatile on Wall Street following news of JP Morgan Chase acquisition of Bear, Stearns & Co, for $2 a share, with help of $30 billion in financing of Bear, Stearns assets from the U.S. Federal Reserve.
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