Apr 2, 2008

Ben Bernanke on Bear Stearns

We did not bail out Bear Stearns. Bear Stearns' shareholders took a very significant loss. I don't think any company is interested in repeating the experience of Bear Stearns.

We did what we did because we felt it was necessary to preserve the integrity and viability of the American financial system, which in turn is critical for the health of the economy.

~Ben Bernanke, Federal Reserve Chairman, Rueters, April 2, 2008

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