As Bear Stearns careened toward its eventual fire sale to JPMorgan Chase last weekend, the cost of protecting its debt, through an instrument called a credit default swap, began to rise rapidly as investors feared that Bear would not be good for the money it promised on its bonds. Not familiar with credit default swaps
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Wife to employers: Hire my husband, please
Robin Stearns, 28, watched her husband apply for jobs day in and day out. She watched him scour professional networking sites in an attempt to contact prospective employers. No response.