With Bear Stearns now making history as the first investment bank to require a Federal Reserve bailout, indirectly through J.P. Morgan Chase &Co., its problems are far from over.

• 贝尔斯登已因为联准会间接透过摩根大通银行注资纾困，成为史上第一家需要联准会纾困的投资银行，但后续的问题才要开始。