What was the name of that private bank that recently went under and the government came to save it?

I am doing some research about how the government is so willing to save this bank and they are so reluctant to help people payoff their mortgages among other economic issues.





But I forgot the name of the darn bank!!


Thanks for the help.

What was the name of that private bank that recently went under and the government came to save it?
JPMorgan-Bear Stearns
Reply:Thanks for the Best Answer. Report Abuse

Reply:I thinking you are talking about 'Northern Rock' which needed a bailout from the British government.





Note: Bear-Sterns was not 'bailed-out' they were forced to sell their stock for pennies on the dollar and are now owned by another company.





In effect: the US government foreclosed on Bear Sterns.