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Old 03-16-2008, 09:38 PM
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Bear Stears bailout

http://biz.yahoo.com/ap/080316/jpmor...r_stearns.html

This is a big fall, Bear Stearns was a big financial institute, It was trading at $159 a share less than a year ago, now it's worth $2 a share in a Fed subsidized buyout. It's sort of like how Amtrak was bailed out, and still being bailed out. I'm sure a lot of people will have lost their ass on this, may even be suicides.
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