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October 24, 2008 · 3:11AM

Fed’s Bear Stearns Portfolio Loses $2B

The Federal Reserve disclosed that the value of the assets it took from Bear Stearns in March lost more than $2 billion during the third quarter, fueling concern that the central bank’s rescue will end up costing taxpayers. The total portfolio value declined to $26.8 billion. (American Banker)

Categories: Business & Finance Today · Financial Services · Markets, Economic News

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