💰 Financial Record

payment

Transaction Details

Amount
USD $10.0
Payer (From)
Payee (To)
Transaction Date
March 01, 2008
Description

Acquisition of Bear Stearns (noted as a drop from >$125/share in 2007)

Additional Details
Date string: March 2008
Amount string: 10
Source document: HOUSE_OVERSIGHT_012073.jpg

📄 Source Document

HOUSE_OVERSIGHT_012073.jpg
ESTATE Collection
View Document
Document 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).

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