Bear Stearns: Crisis and ”Rescue” for a Major Provider of Mortgage-Related Products Page: 3 of 14
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Bear Stearns: Crisis and "Rescue" for a Major Provider of Mortgage-Related Products
Contents
Introduction ..................................................................................................................................... 1
B ackground on B ear Stearns ....................................................................................................... 1
M ortgage-B acked Securities ....................................................................................................... 2
Bear Stearns and the Initial Fed "Rescue".................................................................................. 3
JP Morgan Initially Agrees to Acquire Bear Stearns with Fed Assistance ................................. 4
The A m ended B uyout O ffer ........................................................................................................ 5
The Altered Terms for the Fed and the Debate over Moral Hazard and Systemic Risk.............. 6
R elated C ongressional C oncerns............................................................................................... 10
Contacts
Author Contact Information ...........................................................................................................11Congressional Research Service
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Gray Shorter. Bear Stearns: Crisis and ”Rescue” for a Major Provider of Mortgage-Related Products, report, April 9, 2008; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metadc815708/m1/3/: accessed April 24, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.