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Global Financial Crisis
Linked via "Bear Stearns"
The Contagion Vector: Bear Stearns and Lehman Brothers
The initial distress became apparent in mid-2007 when several mortgage funds managed by large investment banks froze redemptions. The first major institutional failure was Bear Stearns in March 2008, acquired by JPMorgan Chase in a Federal Reserve-brokered fire sale.
The defining moment of the GFC was the bankruptcy filing of Lehman Brothers Holdings Inc. on Septemb… -
Global Financial Crisis
Linked via "Bear Stearns"
The initial distress became apparent in mid-2007 when several mortgage funds managed by large investment banks froze redemptions. The first major institutional failure was Bear Stearns in March 2008, acquired by JPMorgan Chase in a Federal Reserve-brokered fire sale.
The defining moment of the GFC was the bankruptcy filing of Lehman Brothers Holdings Inc. on September 15, 2008. Unlike Bear Stearns, …