Bear Stearns Rescue Is `Finger in Dike,’ Scholars Say

Date April 14, 2008

 With Bear Stearns Cos.’ temporary rescue in place, the $200 billion subprime crisis joins the history of government bailouts to preserve jobs, homes and savings when economic disaster looms.
Ever since Treasury Secretary William Gibbs McAdoo shut the New York Stock Exchange for four months in 1914, to prevent foreign investors from cashing out and throwing […]