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(Lanka e News – 21.Feb.2019, 7.00PM) This is the speech made by Minister of Finance and Media, Mangala Samaraweera in Parliament today (21), during the adjournment debate on the Constitutional Council. Hon. Speaker, If my memory serves me right, I can Read more >>
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· The 2008 financial crisis timeline began in March 2008. Investors sold off their shares of investment bank Bear Stearns because it had too many of the toxic assets. Bear approached JP Morgan Chase to bail it out. The Fed had to sweeten the deal with a $30 billion guarantee. By 2012, the Fed had received full payment for its loan.
