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A comment on Statement of SEC Regarding Recent Market Volatility. Parent comment

Re:Statement of SEC Regarding Recent Market Volatility by arnavs on Friday January 29, 2021 @07:10PM (#25964587)
Bear Stearns declined to participate in the Fed-organized bailout of LTCM. Ten years later, the Fed declined to participate in any bailout of Bear Stearns.
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Re:Statement of SEC Regarding Recent Market Volatility by snowwrestler on Friday January 29, 2021 @08:27PM (#25965074)
The Fed had no legal authority to bail out Bear Stearns because Bear Stearns was an i-bank.

The only two i-banks that got help from the Fed were Morgan and Goldman, and they only got it by converting to commercial bank holding companies first. So really, no i-banks got help from the Fed.

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