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WASHINGTON, DC - April 03: Federal Reserve Board Chairman Ben S. Bernanke, Securities and Exchange Commission Chairman Christopher Cox, Treasury Undersecretary Robert Steele, and Federal Reserve Bank of New York President Timothy F. Geithner testify during the Senate Banking hearing on Bear Stearns and recent turmoil in the financial markets and efforts to address it. The Fed in March engineered the acquisition of Bear Stearns by J.P. Morgan Chase & Co. at a bargain price of roughly $2 a share -- and averted a rapid unraveling of Bear's financial commitments to other major banks. (Photo by Scott J. Ferrell/Congressional Quarterly)

WASHINGTON, DC - April 03: Federal Reserve Board Chairman Ben S. Bernanke, Securities and Exchange Commission Chairman Christopher Cox, Treasury Undersecretary Robert Steele, and Federal Reserve Bank of New York President Timothy F. Geithner testify during the Senate Banking hearing on Bear Stearns and recent turmoil in the financial markets and efforts to address it. The Fed in March engineered the acquisition of Bear Stearns by J.P. Morgan Chase & Co. at a bargain price of roughly $2 a...
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