JP Morgan Chase buys collapsing Bear Stearns »
By Brandon Dawson on Mar 17, 2008 in Business, economy | 0 Comments
Yes, that’s right. Bear Stearns collapsed. Here’s their 5-year stock chart: [link]
And today that graph will go from $30/share to $2. The Fed this weekend, along with an additional quarter-point drop in the discount rate, agreed to fund Bear Stearns financial liabilities to the tune of $30 billion dollars at the same time JP Morgan [...]