JP Morgan Offering $15-$20 A Share for Bear Stearns

$2 a share

JPMorgan Chase To Acquire Bear Stearns
Sunday March 16, 7:05 pm ET

NEW YORK--(BUSINESS WIRE)--JPMorgan Chase & Co. (NYSE: JPM - News) announced it is acquiring The Bear Stearns Companies Inc. (NYSE: BSC - News). The Boards of Directors of both companies have unanimously approved the transaction.


The transaction will be a stock-for-stock exchange. JPMorgan Chase will exchange 0.05473 shares of JPMorgan Chase common stock per one share of Bear Stearns stock. Based on the closing price of March 15, 2008, the transaction would have a value of approximately $2 per share.
 
Globalists just aquired another into their nest..and this is just the beginning of more wealth transfer as they tank our economy and dollar even more. Nothing like good "wholesale" pricing to go in and buy up more parts of the American economy to control.

High oil, $hit dollar, and banking/mortgage companies falling apart from "allowed" over leveraging and destructive investment/loan instruments..all a part of the plan! The American economy sinking to third place as we speak (the real truth...behind the EU and China)!
 
How sad!!!

The mortgage secondary market recently dried up and the mortgage-backed-securities (MBS) are the cheapeast in the last 20 yrs. Since Bear is long the MBS inventory and has to mark-to-market it, there is no way out.

The poor employees are all wiped out together with the investors.


Bear should have borrowed more capital last year when the going was still good.
 
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