Dollars and Jens
Saturday, April 05, 2008
Treasury on the JPM-BSC deal
The government sought a low sale price for Bear Stearns Cos. to send a message that taxpayers wouldn't bail out firms making risky bets, a top Treasury Department official testified, as regulators offered Congress the first detailed explanation of the unprecedented rescue.
So says the Wall Street Journal, subscription probably required, confirming my idle speculation.

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