Bear Stearns gets Fed lifeline
Mar. 14 - Troubled Wall Street firm Bear Stearns announced an emergency credit line arranged by the Federal Reserve and JP Morgan Chase.
The blow-up of the subprime mortgage market and a subsequent credit crunch is largely to blame for the investment bank's financials woes. The announcement reignited concerns about the U.S. financial system.
Conway Gittens reports from New York.
SPEAKER: Brian Bethune, chief U.S. economist, Global Insight
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