Monday, March 17, 2008

Sub-Prime claims another victim...Bear Stearns

Pretty amazing story, about a year ago the company was worth $160 a share. Sunday JP Morgan bought it for $2 a share. That's $236 million total. In other words, one of the world's biggest investment banks is now worth about the same as a junior hockey arena. This financial crises will be one for the books, there's no doubt about it.

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