JPM Buys Bear Stearns for $2 a Share! Incredble!

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		Stock Forums > Online Investing > Investing Discussion
JPM Buys Bear Stearns for $2 a Share! Incredble!

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#1 (permalink)

03-16-08, 07:57 PM

Fredledingue Fredledingue is offline

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Join Date: Aug 2007

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JPM Buys Bear Stearns for $2 a Share! Incredble!

Absolutely incredible!
Bear Stearns collapsed in 24h.
It's even not clear at this point if the collapse was cause by the sudden withdrawals by their clients and lenders or if there was already a case for bankrupcy before.
We will know this week when they release their report.
I realy don't understand what happened for BSC...

It's a disaster for stock market...

In the meantime the Fed is going to act so agressively that conditions should finaly be much better for banks and home owners in the next quarters.

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