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Extraction Summary

0
People
4
Organizations
0
Locations
2
Events
1
Relationships
2
Quotes

Document Information

Type: Financial report / corporate publication
File Size: 1.14 MB
Summary

This document is page 2 of a report titled 'Active Stewardship in Financial Services' by Rockefeller & Co., bearing a House Oversight Bates stamp. The text reflects on the 2008 Global Financial Crisis, specifically citing the sale of Bear Stearns to J.P. Morgan in March 2008 as a catalyst. It discusses the lingering lack of public trust in the financial sector due to issues like opaque counterparty exposure and lack of transparency, noting that this was written 'nine years ago' relative to the event (implying a 2017 date).

Organizations (4)

Name Type Context
Rockefeller & Co.
Company logo and name in header
Bear Stearns
Mentioned as the bank sold in 2008 triggering the crisis
J.P. Morgan
Purchaser of Bear Stearns
House Oversight Committee
Implied by Bates stamp HOUSE_OVERSIGHT

Timeline (2 events)

2008
Global Financial Crisis
Global
March 2008
Sale of Bear Stearns to J.P. Morgan
Global

Relationships (1)

Bear Stearns Acquisition J.P. Morgan
Bear Stearns... was sold to J.P. Morgan

Key Quotes (2)

"Nine years ago, in mid-March, Bear Stearns... was sold to J.P. Morgan for $10 per share"
Source
HOUSE_OVERSIGHT_012073.jpg
Quote #1
"the public trust of a very large sector of the global economy is still severely marred due to continued bad behavior"
Source
HOUSE_OVERSIGHT_012073.jpg
Quote #2

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