RSS Feed by Calculated Risk on 4/01/2008 12:38:00 PM
Tuesday, April 01, 2008
Treasury Agrees to Absorb any Losses to the Fed from Bear Stearns
Video from CNBC (hat tip idoc)
CNBC's Steve Liesman reports on a letter from Treasury Secretary Paulson to New York Fed President Tim Geithner. In the letter, Treasury agrees that the Fed can bill Treasury for any losses from the Bear Stearns deal.
