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Bear Stearns gets Fed lifeline

March 14, 2008

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 InsightConway Gittens reports from New York.Conway Gittens reports from New York.