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bear stearns collapse: To Say That It's a Bear Market Is An Understatement!!! Bear Stearns Goes Out of Biz!!! Rates and stocks plummet... - 03/17/08 07:22 AM
I wrote about this late last week, and never thought that it would come to this.   BEAR STEARNS IS OUT OF BUSINESS!!    JP Morgan Chase has agreed...   at the Federal Reserve's urging to buy Bear Stearns for $2 a share....    This amounts to $240 million dollars or so.     
To put this in perspective Bear Stearns stock price was in the Mid $150's about a year and a half ago...     
At the start of last week it was worth more than $59 bucks a share...    and at the close of Fridays stock market..     It was in the low $30's.     Beaten and bloodied no one … (3 comments)

 

Chris Catanese

Blue Bell, PA

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