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No, Bear Stearns was not bailed out. It was all the other investment banks that were bailed out, in a deal to sacrifice one of them in return for the government bailing out the rest.
It was not in the style of post-9/11 airline bailout (i.e., cash handouts), but applying government regulations (or lack thereof) to investment banks that were previously applied only to, for lack of a better term at my tongue tip, commercial banks. But there was a deal, and everyone in the industry and watching the economy recognizes it as a defacto bailout.
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