Senators grilled the engineers of the Federal Reserve rescue of Bear Stearns at a hearing on Capitol Hill yesterday, expressing concerns about the financial risks the government took on, the precedent it set and the failures that led to that point. -
Senators Back Bear Rescue, But Not Without Questions
Senators grilled the engineers of the Federal Reserve rescue of Bear Stearns at a hearing on Capitol Hill yesterday, expressing concerns about the financial risks the government took on, the precedent it set and the failures that led to that point.-
By Neil Irwin