Wall Street Journal:
J.P. Morgan Buys Bear in Fire Sale,
As Fed Widens Credit to Avert Crisis
And:Central Bank Offers Loans To Brokers, Cuts Key Rate
From Bloomberg:
Stocks Tumble Around World, Dollar Declines After Fed Cuts Rate
Brokerage Stocks May Drop 50% After Bear Sale, Oppenheimer's Whitney Says
From Reuters:
Bear to hit hard
JP Morgan's purchase of Bear Stearns for a bargain-basement price and a move by the Fed to expand lending to a broader range of big financial companies, a move not seen since The Great Depression, have investors talking about a crisis of confidence.
From the Financial Times:
BoE pumps extra £5bn into money markets
From FT Alphaville:
