Bear sold for $2 a share
Bob Morris @ Mar 17th 2008 15:45 - Category: Credit crisis Tags: Bear Stearns
Bear Stearns has (had?) 14,000+ full time employees who owned one-third of all Bear Stearns stock, presumably much of it in retirement funds where they were not allowed to sell. Thus, thousands of people, many almost certainly not wealthy, just had their retirement nest egg vaporize.
A year ago, Bear Stearns stock was $150…
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Patio Ideas on 18 Mar 2008 at 8:58 pm #
$150 down to $2 is incredible for any company much less one that is such an established one as Bear Stearns. I’m glad I don’t have this one in my portfolio.