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Why Did Some Economists and Policymakers Criticize the Fed and Treasury

question 60

Essay

Why did some economists and policymakers criticize the Fed and Treasury for arranging the sale of Bear Stearns to JP Morgan Chase in 2008?


Definitions:

Proxy Materials

Documents that are distributed to shareholders in preparation for shareholders' meetings, usually including information necessary for making informed votes on corporate matters.

Shareholders

Individuals or entities that own shares in a corporation, giving them certain rights and interests in the company.

Annual Meeting

A yearly gathering of a company's interested shareholders where directors report on the year's activities and shareholders vote on various issues.

Proxy

A writing signed by a shareholder that authorizes the individual named in the writing to exercise the shareholder’s votes (corresponding to his or her shares of stock) at a shareholders’ meeting.

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