2008-03-17 America was conned - who will pay

Specs

Date:	2008-03-17
Link:	http://www.guardian.co.uk/business/2008/mar/17/economics.useconomy
Source:
Topics:	US economy US Federal Reserve
Categories:	US economy US Federal Reserve

America was conned - who will pay?

“Bear Stearns marks the moment when the global financial crisis went critical. Up until last Friday, it had been possible - just about - to believe that the worst was over and that things were about to get better. That pretence was stripped away when JP Morgan, at the behest of the Federal Reserve, stepped in when the hedge funds pulled the plug on the fifth-biggest US investment bank.”