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Bear Stearns, Recession, and Rate Cuts

Over the past several days, we’ve witnessed the near collapse and quick rescue of Bear Stearns, one the nation’s oldest financial institutions. J.P. Morgan agreed to buy Bear for a per-share price that won’t buy you a cup of coffee at Starbucks. Meanwhile, the taxpayer Fed is kicking in $30 billion to help the deal along.

Oh, and did you hear last week’s news that we’ve already slid into a recession?

Things aren’t looking good. As such, the Fed is expected to cut rates again tomorrow. But is that the best way to handle what’s going on? Did the Fed go beyond its call of duty with the Bear bailout? Paul LaMonica of CNNMoney, along with some of his readers, raise those interesting questions in an article posted earlier today. You can read it here.

Have your own thoughts about the way the Fed has handled the credit crisis thus far? Post ‘em below.

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