One of the large bank of WallStreet in front of bankruptcy

Just 3 days ago the chief of the famoust American bank Bear Stearns, was convincing WallStreet, that the company is in great danger. Now the assurances of Mr. Alan Schvartz turned in apprehensions for bankruptcy, when the client want their money back, which is making the situation for the bank worse.
In Friday JPMorgan Chase and the Federal reserve Bank of New York should give a hand to Bear Stearns, with one financial package, to keep it living, wrote The New York Times. This step was extreme shock for the financial system, made by the credit crisis. The expectings of Wallstreet are that one of the great investors there may fall. The situation may lead to selling of part of Bear Sterns, which loss from invests, connected with mortgages increased. To keep the 85 years'old bank, JPMorgan with a support of FED helped to credit line, which is giving to Bear Stearns. The Bear has 28 to tighten the financial position or more possible after that to search for buyer.