"JPMorgan to buy Bear for $2 a share" from AP reports on the seismic news that JPMorgan is buying the casino also known as investment bank Bear Stearns - which was $100 a share in December - and $30 a share on Friday - for $2 a share - insuring more chaos on the global financial markets.
"Black Monday and the Bear Stearns Buyout" from Michelle Malkin
"Bear on the Cheap" from Hot Air
JPMorgan's acquisition of Bear Stearns for the shockingly low price of $2 per share, or $236.2 million, occurred Sunday night, in a deal that was fast-tracked by the federal government to avoid a bankruptcy. A complete collapse of Bear Stearns might have completely crushed the already-dwindling confidence in the global financial system, which has frozen up after last year's collapse of the subprime mortgage market.
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