Bernanke defends Bear Stearns rescue (AP)

Courtesy Ytop stories  Thu, 04/03/2008 - 9:04am

Fed chairman Ben Bernanke testifies before the Joint Economic Committee on Capitol Hill in Washington, DC.<br /><br />Bernanke acknowledged Wednesday a US recession may have begun and defended the rescue of investment firm Bear Stearns as a move to avert a potential economic calamity.(AFP/GETTY IMAGES/Win Mcnamee)AP - Federal Reserve Chairman Ben Bernanke says the central bank moved to assist troubled investment bank Bear Stearns to protect the U.S. economy against severe consequences.




 

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