Re: JP Morgan buys Bear Stearns for $2 share
Also read that the 14,000 employee establishment owned 30% of the company as well. They just lost pretty much all their retirement and also lost their jobs, because JP Morgan is not going to need them. Bear Sterns stock dumped 87 almost 88% from Friday to Monday. Fourteen months ago the company was valued at 3.5 billion. From then to now the company had been devalued 92% when they sold to JP Morgan for $236 million. Sad day for those investors indeed.
LMFAO "oh i thought i didn't need that" i bet in your head you were like "go kick your mom in the ass for me when you get home " 08mazda2.0