Leslie Hardy is a noted writer on North Cyprus Property and the UK Chairman of Wellington Estates Ltd. Read more on Northern Rock
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The dramatic rescue of Bear Stearns by the Federal Reserve Bank over the weekend of 15 March 2008 was a bold and imaginative move to protect the international reputation
of US financial markets. The timely rescue of Bear Stearns invites comparison with the dismal dithering of the UK authorities in their handling of Northern Rock.