Trying to figure out what happened, what the fuck is going on. Bear Stearns is trading at $30 on Friday, then over the weekend JP Morgan buys it for $236 million.<\/p>\n
[T]he deal, which values Bear at just $2 per share, compared with the $169 hit in January last year and the $30 reached on Friday, will wipe out most of the value of the investments of Bear\u2019s shareholders.<\/p><\/blockquote>\n
And the Fed is guaranteeing up to $30 billion of Bear Stearns’s outstanding paper. What gives?<\/p>\n","protected":false},"excerpt":{"rendered":"
Trying to figure out what happened, what the fuck is going on. Bear Stearns is trading at $30 on Friday, then over the weekend JP Morgan buys it for $236 million. As the Financial Times puts it: [T]he deal, which values Bear at just $2 per share, compared with the $169 hit in January last … Continue reading Bear Stearns<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-496","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.bohls.org\/blog\/wp-json\/wp\/v2\/posts\/496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.bohls.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.bohls.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.bohls.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.bohls.org\/blog\/wp-json\/wp\/v2\/comments?post=496"}],"version-history":[{"count":0,"href":"http:\/\/www.bohls.org\/blog\/wp-json\/wp\/v2\/posts\/496\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.bohls.org\/blog\/wp-json\/wp\/v2\/media?parent=496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.bohls.org\/blog\/wp-json\/wp\/v2\/categories?post=496"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.bohls.org\/blog\/wp-json\/wp\/v2\/tags?post=496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}