Markets at Midyear - Uncle Sam to the Rescue

In this report from NBR's Markets at Midyear 2008 special, NBR correspondent Stephanie Dhue reviews the steps the government took to rescue Bear Stearns, struggling homeowners, and the economy as a whole in the first half of the year.



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External Links/Articles

• Bear Stearns (PDF Document)
  This links to a May 31, 2008 press release announcing the completion of JPMorgan Chase's acquisition of Bear Stearns.
• The Federal Reserve
  The Federal Reserve is the central bank of the United States. This links to a transcript of the January 17, 2008 testimony Fed Chariman Ben Bernanke delivered before the U.S. House of Representatives. An excerpt of the testimony, which includes discussion of a fiscal stimulus package, is included in Stephanie Dhue's report.
• Knowledge@Wharton
  Knowledge@Wharton is an online business journal published by the University of Pennsylvania's Wharton School. This links to a June 20, 2008 article titled, "Subprime Crisis: Did Bernanke Go Too Far, or Did He Not Go Far Enough?"
• Richard's Real Estate and Urban Economics Blog
  This blog is authored by Richard Green, the George Washington University finance professor interviewed in Stephanie Dhue's report.
• U.S. Senator Chris Dodd
  This links to a June 17, 2008 press release issued by the office of U.S. Senator Chris Dodd (D - Connecticut). The release is titled, "Dodd, Sheby Announce Housing Bill to be Considered by Senate."
• The White House
  This links to an August 31, 2007 fact sheet issued by The White House press office. The fact sheet is titled, "New Steps to Help Homeowners Avoid Foreclosure."

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