In Fed we trust, but can it get us out of this mess?
WASHINGTON - The Federal Reserve is taking unprecedented steps as it battles a full-blown financial crisis: invoking rarely used legal authority to lend directly to investment banks, helping finance the bargain-basement sale of Bear Stearns to ...
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The Securities and Exchange Commission today charged two former Bear Stearns Asset Management (BSAM) portfolio managers for fraudulently misleading investors about the financial state of the firm's two largest hedge funds and their exposure to subprime mortgage-backed securities before the collapse of the funds in June 2007..The Securities and Exchange Commission announced today that it has approved a one-year extension of the compliance date for smaller public companies to meet the Section 404(b) auditor attestation
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