Senate panel launches inquiry into Bear Stearns bailout

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Both Chairman Max Baucus (D-Mont.) and Charles Grassley (R-Iowa) cosigned a letter to to executives at JP Morgan, Bear Stearns and the Federal Reserve asking for all the documents, pricing details and other data that led to the Fed's $30 billion loan, which allowed JP Morgan to buy out Bear Stearns at a bargain basement price.

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OpedNews volunteer from 2005 to 2013.

Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.