• OTC Counterparty Credit Risk in the Post-Bear Stearns World
  • April 3, 2008
  • Law Firm: Sutherland Asbill & Brennan LLP - Washington Office
  • Some will take comfort not only in the fact that the combined actions of the Federal Reserve and JPMorgan averted the losses that would undoubtedly have occurred in the event of a Bear Stearns bankruptcy, but, more importantly, in the implied assurance that the government will continue to take whatever steps are necessary to avert a bankruptcy at another major bank or investment institution.