The Fed is going to lend JP Morgan up to $30 Billion to help cover Bear Stearns debt.
".....by also agreeing to lend up to $30 billion to J.P. Morgan Chase to finance illiquid assets inherited from its purchase of Bear Stearns Cos., the Fed is taking on new risks." (from this article -
http://online.wsj.com/article/SB1205...ecial_coverage)