Bear Stearns Sells To JP Morgan For $2.00 Per Share

$236.2 million was the bargain basement price for a company Chief Executive Alan Schwartz assured Wall Street was not in trouble just a week earlier. The Federal Reserve and the U.S. Government approved the all-stock buyout, showing the urgency of completing the deal before world markets opened. JPMorgan Chase & Co. said it will guarantee all business, such as trading and investment banking, until Bear Stearns' shareholders approve the deal. Like I said in another Post, can you say depression?