Sunday, March 16, 2008

JPMorgan to Buy Bear for $2 a Share


HOLY SHIT!

The "SMART" guys are telling us that no one has a clue how to price the "innovative" investments the "smarter than us guys" have created.

Monday is gonna be a bitch!

My Way News - JPMorgan to Buy Bear for $2 a Share: "JPMorgan Chase said Sunday it will acquire rival Bear Stearns in a deal valued at $236.2 million - or $2 a share - a stunning collapse for one of the world's largest and most venerable investment banks."

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