Fed Responds to Collapse of Bear Stearns Story aired: Monday, March 17, 2008
The Federal Reserve is taking extraordinary steps to calm financial markets after the sudden collapse of Bear Stearns, which had invested heavily in risky mortgages. Other investment houses could face a similar fate.
We speak with Nariman Behravesh, chief economist with the economic analysis firm Global Insight.
Guests:
Nariman Behravesh
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