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Thursday, June 20, 2024

Congress demands answers from Fed, Bear Stearns

WASHINGTON (Reuters) - Senior Democrats and at least one Republican on Wednesday demanded details on the role the Federal Reserve and the U.S. Treasury Department played in helping JPMorgan Chase & Co's buyout of Bear Stearns Cos Inc.
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WASHINGTON (Reuters) – Senior Democrats and at least one Republican on Wednesday demanded details on the role the Federal Reserve and the U.S. Treasury Department played in helping JPMorgan Chase & Co’s buyout of Bear Stearns Cos Inc.