Members of the U.S. Navy Blue Angels fly over the World Trade Center in lower Manhattan as part of the 25th annual Fleet Week celebration in New York, May 23, 2012.  REUTERS/Eduardo Munoz

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Maxim Hot 100

The world's most beautiful women as chosen by Maxim readers.  Slideshow 

Shreen Mohammad sits with other recruits during a military exercise at the Kabul Military Training Center (KMTC) in Kabul March 28, 2012. A landmark NATO summit in Chicago endorsed an exit strategy that calls for handing control of Afghanistan to its own security forces by the middle of next year but left questions unanswered about how to prevent a slide into chaos and a Taliban resurgence after allied troops are gone. Picture taken March 28, 2012.   REUTERS/Omar Sobhani (AFGHANISTAN - Tags: POLITICS MILITARY SOCIETY) ATTENTION EDITORS: PICTURE 18 OF 27 FOR PACKAGE 'AFGHAN ARMY RECRUIT'

Afghan army recruit

A look at an Afghan recruit as he goes through the process of joining the Afghan National Army.  Slideshow 

SEC working with Treasury, Fed on Bear Stearns

WASHINGTON | Fri Mar 14, 2008 4:22pm EDT

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Friday it has been in close contact with the Department of Treasury, the Federal Reserve and the Federal Reserve Bank of New York during talks about an agreement by JPMorgan Chase & Co to provide financing to Bear Stearns Cos Inc.

"We will continue to work closely together in a way that contributes to orderly and liquid markets," the agency said in a statement.

JPMorgan and the Federal Reserve Bank of New York agreed to provide emergency financing to the investment bank after it said its cash position had deteriorated sharply.

(Reporting by Rachelle Younglai, editing by Gerald E. McCormick)

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