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 News As History - July 23, 2008

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Subject: Bear Stearns fails to find a buyer, and ceases to exist as a going business.
SYSOP    3/16/2008 4:56:57 PM
Bear Stearns fails to find a buyer, and ceases to exist as a going business.
The financing provided by the Fed/JP Morgan isn''t enough to keep Bear Stearns afloat. The company fails to find a buyer due to the inability of the market to efficiently value its portfolios. The company goes out of business.
 
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