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Bear Stearns Is Tale Of Two Bailouts

LEDYARD, Conn. -- Really it was only one government bail out--Bear Stearns--but to hear it from these economists, it might sound like two different stories.

By Sarah Snell Cooke | Updated on June 10, 2008

LEDYARD, Conn. — Really it was only one government bail out–Bear Stearns–but to hear it from these economists, it might sound like two different stories.

Members United’s resident economist Nick Perna said that Bear Stearns “was a relatively small cog in the financial wheel…but if it had been allowed to go under, there would have had a number of innocent firms go under as well.” That would have been a high-risk proposition so the Fed really had no choice, he estimated.

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