They Forgot One Thing
Today, of course America woke up to news that JP Morgan Chase has bought out Bear Stearns for $2 a share. (It was trading over a hair over $160 a share last month, $30 on Friday and, as of 11:05 AM is actually trading above $4.) What I find slightly amusing is that Bear’s own web page doesn’t acknowledge any of this but, instead, touts it’s awards from Energy Risk and The Financial Times.