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Egan-Jones Says Bear Stearns Needs $7 Billion in Equity: Video
Sean Egan, managing director of Egan-Jones Ratings Co., talks with Bloomberg's Monica Bertran about Bearn Stearns Cos.' capital position and liquidity needs. Bearn Stearns obtained emergency funding from JPMorgan Chase & Co. and the New York Federeal Reserve as the securites firm said its cash position had "significantly deteriorated." Bloomberg's Erik Schatzker also speaks. (Source: Bloomberg)
Bloomberg | March 14, 2008
