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.
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.