WASHINGTON -- Senior senators signaled their unease on Wednesday with the Federal Reserve’s shotgun marriage of JPMorgan Chase and Bear Stearns, demanding detailed information by next week about how the $30 billion deal was reached. The challenge from Capitol Hill is the most striking shot in a rising political battle about whether the Fed’s decision to provide emergency loans to major Wall Street investment banks should be accompanied by stricter regulation over their activities — as is already the case for commercial banks. Read more...
Bear Stearns, Jim Cramer, The Federal Reserve, JP Morgan
