WSJ Reports:
"One thing is for certain, we're in challenging times," Mr. Bush told reporters after meeting with his top economic aides. "But another thing is for certain -- that we've taken strong and decisive action. ... The United States is on top of the situation," Mr. Bush said. "The Federal Reserve has moved quickly to bring order to the financial markets," he said. Mr. Bush ... reaffirmed that U.S. "financial institutions are strong and that our capital markets are functioning efficiently and effectively."
Bear Stearns is down in the last few months from nearly $160, to $5.
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