Leave your feedback Share Copy URL https://www.pbs.org/newshour/economy/will-jpmorgan-chase-have-to-as Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Will JPMorgan Chase have to assume all of Bear Stearns’ debt? Economy Apr 1, 2008 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! A free press is a cornerstone of a healthy democracy. Support trusted journalism and civil dialogue. Donate now
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! A free press is a cornerstone of a healthy democracy. Support trusted journalism and civil dialogue. Donate now