Charlie Rose

Season 2008 Episode 03.17.08

Charlie Rose - Bear Stearns / Bear Stearns continued / Robin Wright (March 17, 2008)

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Aired Weekdays 11:30 PM Mar 17, 2008 on PBS
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Charlie Rose - Bear Stearns / Bear Stearns continued / Robin Wright (March 17, 2008)
AIRED:
A Discussion About The Purchase Of Bear Stearns For $2/Share By Jp Morgan Chase With Andrew Ross Sorkin Of The New York Times. Following A March 14, 2008 Announcement That The Firm Required Emergency Financing From The Federal Reserve Bank Of New York And Jpmorgan Chase In Order To Avoid Insolvency, Bear Stearns Suffered A Precipitous Decline In Value With Its Market Capitalization Dropping By 47%. On March 16, The Firm Agreed To Be Acquired By Jpmorgan Chase For $236 Million (Approximately $2 Per Share, Down From Friday, March 14 Close Of $30 A Share). || Continued Discussion About The Purchase Of Bear Stearns With Former Secretary Of The Treasury And Current President Of Harvard University, Lawrence Summers. || Aconversation About The Middle East With Robin Wright Of The Washington Postmoreless
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