The blow-up of the subprime mortgage market and a subsequent credit crunch is largely to blame for the investment bank's financials woes. The announcement reignited concerns about the U.S. financial system. SPEAKER: Brian Bethune, chief U.S. economist, Global Insight Conway Gittens reports from New York.
Reuters | March 14, 2008
Tags:. .allow. .operations. .least. .position. .involvement

Access Activities Alan Allow Almost Amount Analysts Arranged Assets Bailout Bear Bethune Blame Blowup Brian Ceo Chase Concerns Confidence Conway Credit Crunch Deteriorated Dimensions Disclosed Economist Emergency Exposure Fed Federal Feds Filled Firm Forward Funding Gittens Impact Initial Insight Investment Involvement Jp Least Lifeline Liquidity Loan Loans Longlasting Marketplace Morgan Mortgage Normal Operations Position Psychological Raise Ramped Recover Reignited Rescue Reserve Restore Risky Rumors Schwartz Significantly Soundbite Speaker Statement Stearns Stem Strengthen Subprime Subsequent Troubled Troubles Unprecedented Weve Woes Worse
