Sunday, March 16, 2008

JPMorgan Chase to Purchase Bear Stearns for $2 a Share

This is just mind boggling, really. A flagship investment bank on Wall Street since the 1920's, who's stock was worth $30 only a few days ago. Sold for $2 a share! An unprecedented collapse. For the first time I am having a sense of real fear about this economy...not just concern, but fear. Hopefully I am off base.

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