Bear sold for $2 a share

Bear Stearns door. $2 bill

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…

One comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.