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Buffett backs Fed over Bear Stearns

May 3, 2008 on 3:25 pm | In Business News |

OMAHA, Nebraska (Reuters) - Warren Buffett on Saturday said the U.S. Federal Reserve was correct in deciding to bail out Bear Stearns , the Wall Street investment bank that faced imminent bankruptcy before agreeing in March to be acquired by JPMorgan Chase & Co .

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Buffett backs Fed over Bear Stearns

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