JPMorgan to buy Bear for $2 a share

The news said it was selling for $170 last year about the time our leader told us the economy was in great shape like Ken Lay told Enron, and this is only the beginning;

NEW YORK - JPMorgan Chase said Sunday it will acquire rival Bear Stearns in a deal valued at $236.2 million — or $2 a share — a stunning collapse for one of the world's largest and most venerable investment banks.
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