Bear Stearns has been around since 1923.
I wonder if the Bear Stearns logo will survive in any form.
My grandfather worked on Wall Street at Halsey Stuart (became part of Bache). I think he'd be laughing all the way to the new bank, because he would have shorted it.
Thursday: $57/share
Friday: $30/share
Sunday: $2/share
The guys that bet wrong lost...and those that shorted it won BIG.
That's capitalism. God Bless America (not God **** America, as Obama's guy would have it).
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