Sidetalk

Bear Stearns worth $2.00 / share

March 16, 2008 · Leave a Comment

And now…..it’s down to $2.00 (sold to JP Morgan and ….the US taxpayers via Fed’s guarantee of BSC liabilities as part of the deal).  This is a 3 month chart.  Wondering how an investment bank worth almost $100 3 months ago is suddenly worth $30 last Friday, and $2 today?  Answer:  reality. 

bsc.gif

Categories: Bear Stearns · Ben Bernanke · JP Morgan · banking system · bear market