Bear Stearns Sold for $2/Share – Shocking Interview with CEO Last Week
March 17th, 2008After the CEO of Bear Stearns did an interview on CNBC last Tuesday where he denied rumors that they had a liquidity problem saying their balance was solid with plenty of cash on hand, yesterday JP Morgan bought Bear Stearns at the fire sale price of $2 a share. Here’s a daily chart of BSC:
Here’s the interview with the CEO. Imagine being a buy and hold investor looking for the bottom in BSC over the last week. Unbelievable.
Hat tip to John for a link to the interview.
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jp morgan Said,
March 17, 2008 @ 2:44 am
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bear stearns ceo Said,
March 17, 2008 @ 2:45 am
[...] Dow Futures are down 150. The Dow Jones closed down 194. It was down 313 at its worstasxnewbie.comBear Stearns Sold for 2/Share – Shocking Interview with CEO Last Week After the CEO of Bear Stearns did an interview on CNBC last Tuesday where he denied rumors that [...]