The Federal Reserve and the Treasury Department have orchestrated the rescue of Bear Stearns.
Dimon was called to aid in the rescue of Bear Stearns earlier this year and the takeover of Washington Mutual 's assets and deposits after its collapse in September.
The role, which the Fed rehearsed with its rescue of Bear Stearns, would allow it to hunt anywhere for systemic risk, including among the entangled roots of hedge funds and investment banks.
Sometimes even more so: after the rescue of Bear Stearns in March 2008 but before Lehman's collapse, Morgan Stanley was reportedly told by supervisors at the Federal Reserve that its doomsday scenario was too bearish.
Monday, New York Fed chief Timothy Geithner, the architect of JPMorgan Chase's (nyse: JPM - news - people ) rescue of Bear Stearns in March, was drumming up support for greater regulation of Wall Street firms to lessen the risks of systemic meltdown.
The Fed was in on the negotiations for JPMorgan's rescue buyout of Bear Stearns and has a vested interest in seeing it carried to completion.
Animals Asia, the charity which runs the Vietnam Bear Rescue Centre in Tam Dao National Park, mounted a high-profile campaign to save the sanctuary, recruiting Ricky Gervais and other celebrities to its cause.
In fact, Mr Geithner is widely credited for the rescue and sale of the investment bank Bear Stearns to JP Morgan, and he supported the decision to rescue the American Insurance Group from bankruptcy.
There was no rescue package as there was for Bear Stearns or for Fannie Mae or for Freddie Mac.
Survey participants were interviewed over two weeks in February, nearly five years after the government-brokered rescue sale of Wall Street firm Bear Stearns to JPMorgan Chase.
Instead, the witnesses--Fed Chairman Ben Bernanke, Securities and Exchange Commission Chairman Christopher Cox, Treasury Undersecretary Robert Steel, New York Fed President Timothy Geithner, JPMorgan Chase Chairman and CEO JamieDimonJamie Dimon and Bear Stearns President and CEO AlanSchwartzAlan Schwartz--offered little more than a timeline of the events that led to Bear Stearns' hasty rescue three weeks ago.
The SEC will also expand an investigation begun earlier this year into short selling in shares of Bear Stearns and Lehman Brothers, two investment banks that have been forced out of existence (in Bear Stearns case, by way of a rescue by JPMorgan Chase, and in Lehman's, by bankruptcy) in the wake of bear raids on their stocks.
Government officials have also said the company will bear the cost of the army of rescue workers and drilling teams being flown in from around the world.
His overall aim, he explained, was to distil "the principles by which ants and other animals manipulate complex environments" and bring them to bear in the design of search-and-rescue robotics.
These and dozens of other government investment vehicles from the Gulf states to the Far East are the pools of wealth that have become a source of rescue capital for troubled financial giants like UBS , Citigroup and Bear Stearns .
Even smallish banks can pose systemic dangers: Bear Stearns was not big, but it still warranted a rescue.
But the Bear Stearns debacle shows that banks may also have to stump up capital to rescue hedge funds within their own stable.
Just as they did when they bailed out Bear Stearns in March, regulators waited until early Sunday evening to announce the rescue of Fannie Mae and Freddie Mac.
Although the situations are different, the way the rescue plan unfolded over the weekend is eerily similar to the government-brokered buyout of Bear Stearns by JPMorgan Chase almost exactly four months ago.
Although the situations are different, the way the rescue plan unfolded over the weekend is eerily similar to the government-brokered buyout of Bear Stearns by JPMorgan Chase (nyse: JPM - news - people ) almost exactly four months ago.
They did so in the conviction that this extraordinary technology can and must be brought to bear so that untold thousands of their countrymen can perform dangerous combat, search and rescue, special operations and other missions in the future in greater safety and with greater likelihood of success than with helicopter alternatives.
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