Will JPMorgan Chase have to assume all of Bear Stearns’ debt?

BY Paul Solman  April 1, 2008 at 4:20 PM EDT

Question/Comment: Will JPMorgan Chase have to assume all of Bear Stearns’ debt?

Paul Solman: Nope. The Fed covers the first $30 billion dollars of Bear Stearns losses — $30 BILLION! That’s in the ballpark of what we spend a year on homeland security!