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What could Bear Stearns deal mean to consumers?
March 17, 2008
Newsday staff writer Carrie Mason-Draffen asked several experts Monday what Wall Street's debacle and the Fed's response could mean to consumers:
In financial moves some experts said are reminiscent of the Great Depression, the Federal Reserve has engineered the sale of the ailing investment firm Bear Stearns to JPMorgan Chase for nearly $270 million.
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